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Collective redundancies are being prepared at Santander Bank Polska. From February to the end of this year, 1,400 jobs must be lost. people, or 11 percent. all the employees.
"On November 10, 2019, the management committee of the bank will inform the trade unions of the reasons for the planned collective dismissal. and ask the unions to engage in consultations. In addition, the management of the bank will notify the employment office of its intention to make collective redundancies in the bank, "said the statement.
The bank in the next communication – after completing the legally required consultations with the trade unions – provide information on the estimated amount of the reserve related to the restructuring of employment in the bank, which will completely increase the bank's result.
Final data regarding the amount of the provision set up and the impact of the restructuring of the employment on the bank's financial results will be provided in the bank's financial statements.
Santander Bank Polska (formerly Zachodni WBK Bank) is one of the largest universal banks in Poland. Its shares are listed on the Warsaw Stock Exchange. The main shareholder of BZ WBK is Spanish Santander, the largest bank in the euro zone and 11th in the world in terms of capitalization.
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