BIG-Bank Gdanski announces plans to lay-off nearly 900 employees

By the end of 2002 BIG-Bank Gdanski intends to lay off some 15% of its staff, or approximately 900 employees. 'In March we presented the bank's restructuring project, under which a part of the employees will be moved from back to front office. Some units will not be affected by the reduction,' said press spokesman of BIG-Bank Gdanski Wojciech Kaczorowski. Those who are unwilling to accept the changes or want to retire earlier will receive a special social package guaranteeing the training necessary to find a new job, or severance pay to be determined by the length of one's employment at the bank. (Prawo I Gospodarka, p.8) A.Z.