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Report: Bank Millennium to slash workforce as part of group layoffs

Millennium BCP's Polish unit Bank Millennium SA intends to cut up to 260 jobs by the end of March under planned group layoffs, news agency PAP reported Jan. 7.

The redundancies will affect employees holding various positions. Negotiations regarding the conditions of the layoffs will take place with the workers' trade union later in January, the newswire noted, citing the union.

At the end of the third quarter of 2019, the Bank Millennium group employed 8,564 people, including 2,446 employees of Euro Bank acquired by Bank Millennium at the end of May 2019, PAP noted.