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DnB confirms lay-offs at Polish operation


DnB, the largest financial services group in Norway, has confirmed plans to implement “significant” job cuts at DnB Nord, its Polish unit, as part of a strategic reorientation to focus on corporate banking.

CEO Artur Tomaszewski told Puls Biznesu that the details of the restructuring programme were still being fleshed out but admitted that the redundancies might involve between 300 up to 600 employees, out of a current total of 900, as the group exits retail banking. The plan envisions the sale of Monetia, DnB’s mass payments service with a nationwide network of 450 outlets. The new focus will be on corporate clients with revenues of over PLN 80m (€18.4m).

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