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Raiffeisen Cuts Staff in Czech Republic
Companies ♦
Published: November 9, 2011; 23:04 ♦ (Vindobona)
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The Austrian banks local unit has reacted to increasing costs and the poor economic outlook.
Raiffeisen Cuts Staff in Czech Republic / Picture: © Raiffeisen Bank International AG / S. Klimpt
Over the last weeks, the Czech subsidiary of Raiffeisen has laid off 9% of its 2,900 employees. This was confirmed by the bank’s press office to Czech daily newspaper “Hospodarske noviny”. The decision was a reaction to rising costs and a negative outlook for the global economy, said company spokesman Jakub Puchalsky.
“It was a necessary step in order to adjust our costs…
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