Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Foreseen End Date:
In November 2004, the bank PKO BP announced it will cut employment by up to 4,500 people. Management said cuts are needed to reduce costs.
The bank increased in 2004 the number of its branches by 33 to 1,271. At the same time number of employees decreased by 933 people.
On June 2005 the bank announced further dismissals. A further 1,200 to 1,500 jobs will be cut in 2005.