BGŻ will dismiss up to 1,800 people
11:34
As Poland's lender, BGŻ reached an agreement with its trade unions, it will dismiss up to 1,800 people due to its acquisition by BNP Paribas, the company announced.
Previously, Rzeczpospolita daily reported about 1,900 employees were to lose their jobs at BGŻ. The labor dispute emerged on March 3.
The redundancy program will be implemented in 24 months after the merger takes place, the lender added.
BNP Paribas will acquire 98.5 percent of BGŻ shares, worth PLN 4.2 billion. The legal merger should be concluded by the end of June 2015.
