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Czech Republic: Erste Group Cutting More Jobs

Politics ♦ Published: March 8, 2013; 15:46 ♦ (Vindobona)

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Because Erste Group has to save CZK 1bn (€ 39m) this year, economy measures need to be taken.

Czech Republic: Erste Group Cutting More Jobs / Picture: © Erste Group / Helmut Lackner

Erste Group continues its austerity measures in the Czech affiliation. Starting from April, about 600 of the overall 11,000 employees (that is 5.5 % of the staff) are going to be made redundand at Ceska sporitelna. Spokeswoman Linda Michalech confirmed that there are going to be dismissals as well.

The current downsizing of personnel, which affects all ranks including the…