Erste Group: Drastic Cut in Hungary

Professional ServicesBanks ♦ Published: December 9, 2011; 14:09 ♦ (Vindobona)

The Austrian bank cuts 450 jobs in Hungary. However, Erste Group emphasizes to stay in Central and Eastern Europe.

Erste Group: Drastic Cut in Hungary / Picture: ©

In spite of a dramatic lay-off in Hungary, Erste Group Bank AG stressed its commitment to Central and Eastern Europe. “We play a key role in the economic and social developments of these countries. Therefore, we believe it is our responsibility to provide our capital, our liquidity and our services – especially in difficult economic times – to the retail and corporate customers as…