Lay-Offs in Polish Banking Sector Ahead

Professional ServicesBanks ♦ Published: August 21, 2012; 18:05 ♦ (Vindobona)

According to the Polish newspaper Rzeczpospolita, about 2,500 employees may lose their jobs in the banking industry.

Lay-Offs in Polish Banking Sector Ahead / Picture: © Vindobona.org

In the Polish banking industry, profits are still rising. Against last year, the rise in profits is lower, though. Analysts expect that the dynamics in the banking sector comes to an end. Although Polish banks are still highly profitable, lay-offs will be dramatic, Rzeczpospolita says.

Above all, Scandinavian banks are said to cut jobs radically. DnB Nord may lay off up to two…