Brief: BNP Paribas Bank Polska Signs Agreement With Trade Unions On Group Layoffs

BNP Paribas Bank Polska SA

13/12/2023 15:21

Dec 13 (Reuters) - BNP Paribas Bank Polska SA  BNP1.WA :
    * CONCLUDES AGREEMENT WITH TRADE UNIONS OPERATING IN BANK ON
PRINCIPLES OF CARRYING OUT GROUP LAYOFFS
    * PARTIES TO AGREEMENT HAVE AGREED THAT GROUP LAYOFFS TO BE
CARRIED OUT IN PERIOD FROM JAN 1 2024 UNTIL DEC 31 2026
    * IT HAS BEEN AGREED THAT GROUP LAYOFFS WILL INCLUDE NO MORE
THAN
800 BANK EMPLOYEES
    * BANK ESTIMATES AMOUNT OF RESTRUCTURING PROVISION TO COVER
COSTS
ASSOCIATED WITH 49.3 MILLION ZLOTY FOR GROUP LAYOFFS OF WHICH 22
MILLION ZLOTYS TO BE CHARGED TO COSTS OF Q4 2023
    * REMAINING AMOUNT TO BE COVERED MAINLY FROM PARTIALLY
UNUSED
RESERVE FOR GROUP REDUNDANCY PROGRAM CONDUCTED IN 2021-2023

Source text for Eikon:  ID:nEM5TPjfKa 
Further company coverage:  BNP1.WA 

 (Reporting by Gdansk Newsroom)
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