Symbol go
GD         Turnover  mln.
COMPANY NEWS

NBG completes the VES in Greece with c1,200 employees participating

  e-mail

NBG’s VES acceptance period ended on December 22 with 1,200 employees reportedly participating. Note that the Greek lender was aiming at reducing its local personnel base by c8-12% or 1,000-1,500 employees.

 

As per NBG’s revised restructuring plan, approved by the DG Comp on December ’15, the bank has committed to reduce its maximum number of employees by c17% or 2,063 employees to 9,950 by end-2018.

 

Assuming that c1,000 employees will depart through the upcoming VES, this implies that another 9% or 1,000 employees will leave the bank through the sale of non-core business assets.

Follow Capital.gr to Social Media
  Did you find this article interesting?: