Alior Bank to lay off employees in 2017

Alior Bank announced on Friday that it would lay off up to 2,600 of its employees as a part of its plan to reorganize, restructure and “maximize its potential,” following the bank’s merger with Bank BPH earlier this month, according to a press release. The company said that redundancies would include many employees at its headquarters, including managers and specialists. “The natural consequence of the merger of two financial institutions is…the occurrence of repeated positions and functions in the organizational units of the merged bank. The planned organizational changes also result from the need to adapt the bank to rapidly changing market realities. The banking industry is currently undergoing a transformation technology, which decreases the number of visits and transactions in the branches.” Alior bank has been listed on the main branch of the Warsaw Stock Exchange since 2012. In 2015, its assets were listed at PLN 40 billion.