19:28 14 July 2026
VeloBank announces bank layoffs to begin in March 2027
VeloBank plans to cut up to 950 jobs in stages by March 31, 2027, following the migration and integration of Citi Handlowy’s retail banking operations. The layoffs will affect both former Citi Handlowy employees and existing VeloBank staff as the bank establishes its target organizational structure.
Affected employees will receive enhanced support, including severance packages of up to 10 months’ pay, additional compensation, continued medical coverage, job-search training, and psychological assistance. VeloBank also decided to standardize severance benefits for all affected employees based on terms previously available only to transferred Citi Handlowy staff.
Consultations with trade unions have concluded without an agreement. CEO Adam Marciniak said the reductions were necessary to build a stable, efficient organization capable of long-term growth.
(pb.pl)
