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Report: PKO Bank could cut up to 950 staff in 2017

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Report: PKO Bank could cut up to 950 staff in 2017

PKO Bank Polski SA could lay off up to 950 employees in 2017, Reuters reported Dec. 20, citing a spokeswoman for the Polish lender.

The bank, which employs 25,000 people, informed Poland's labor office of its plan but may not actually cut that many jobs, with the spokeswoman highlighting that only about a third of the more than 800 layoffs envisioned for 2016 were actually executed, the news agency said.