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Erste Group: Massive Cuts in Romania
Due to the weak performance of BCR, the Austrian bank plans to lay off 1,600 employees in Romania. BCR´s NPL quota remains on a high level.

Erste Group´s Romanian subsidiary BCR (Banca Comerciala Romania) will lose about 1,600 employees. Due to the weak performance of BCR, Erste Group decided to reduce the number of employees radically. According to BCR´s CEO Tomas Spurny, 18% of the whole workforce is affected. Spurny explained that it would be important now to save the jobs of the remaining 7,500 employees. In total, 60…
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