Research (J&T BANKA)
Czech markets  |  March 08, 2013 08:53:21

Erste: Czech Savings Bank this year released 600 employees and reduce costs by 1 billion


Czech Savings Bank is planning this year to lay off approximately 600 employees and reduce operating costs of CZK 1 billion (5.5%). The presentation of the results for 4Q management Erste said that operating costs should fall in all countries where it operates. Striving for savings is logical due to the declining yield major items (interest and fees). Modest upturn in the sales can be expected shortly and it is the only way to reduce costs to maintain solid profitability of the bank.

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Read also:

December 02, 2011ArcelorMittal dismiss 600 employees Mediafax (Mediafax)
January 05, 2011Erste: Česká spořitelna plánuje propustit zhruba 5 % zaměstnanců Vladimír Urbánek (Kurzy.cz)
February 26, 2010České spořitelně klesl loni zisk o čtvrtinu na 12 mld.Kč Vladimír Urbánek (Kurzy.cz)

Erste: Česká spořitelna letos propustí 600 zaměstnanců a sníží náklady o 1 mld.Kč

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