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Bawag Denies Circulated Job Cuts

Published: November 7, 2013; 06:03 · (Vindobona)

According to media reports, the Austrian bank plans radical job cuts in 2014. Bawag´s management stressed that the rumors are untrue.

Bawag Denies Circulated Job Cuts / Picture: © BAWAG P.S.K.

In the first quarter of 2014, more than 700 jobs will be cut, the Austrian newspaper “Standard” reported this week. Bawag´s management explained that the downsizing program is almost completed. As a result, there is no need to cut further jobs.

In the last three years, the number of employees went down from 4,150 to 3,850. However, there will be no further cuts next year.…

This article includes a total of 124 words.

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