Location of affected unit(s):
Bucharest, Bucharest region
Financial and insurance activities
64.19 - Other monetary intermediation
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Foreseen End Date:
The Romanian subsidiary of Volksbank announced collective dismissal of 170 employees as a part of the restructuring plan approved in 2012.
The measure was motivated by reported substantial financial losses in 2011. The dismissed employees will receive compensation payments.
At the end of 2011 Volksbank Romania employed 1,467 people.