Bank Pekao plans to lay off up to 950 employees

Bank Pekao plans to carry out collective dismissals, under which it will lay off up to 950 employees. The bank also intends to change the terms of employment to a maximum of 620 employees. The procedure is expected to last from April 25 to October 31. The bank said that it will notify the trade unions about the reasons for the intended collective dismissal and ask to start the consultations. In addition, Pekao's management will notify the employment office about the plans for collective redundancies.

The final data regarding the provision amount and the impact of employment restructuring on the bank's financial results will be provided in the bank's financial statements, Pekao said.

(ISBnews)