BIG Bank Gdansk announces change of strategy; to lay off some employees

In addition, banks have to tackle the problems of clients engaged in the Russian market. Kott added that banks would have to make some structural changes. Last year Grupa BIG Bank Gdanski sacked 15% of its staff, bringing the number of workers to about 6,000. It is possible that the bank will fire more workers and cut salaries. Kott reports that this year the bank also plans to increase the network of retail banking Millenium and modernize offers for individual clients. There will be mergers and cooperation with other companies, however the bank will not search for a strategic investor. (Gazeta Wyborcza, page 21)