After consulting with Open Finance employee representatives, it decided to lay off up to 1,082 out of 1,103 employees, the company said. The group layoffs will take place in the period from January 28, 2022 to October 31, 2022.
The issuer adopted the regulations after consultation with employee representatives. As a result of the consultations, the number of employees and the group of employees subject to collective redundancies was verified and the following was agreed. As of January 26, 2022, the company employs a total of 1,103 employees, including 116 employees of the Head Office, 264 employees of the Stationary Sales Network, 37 employees of the Mobile Sales Network and 686 employees of the Partner Network. 37 employees of the Mobile Sales Network and up to 686 employees of the Partner Network. The above number may be reduced as a result of other activities of the issuer, the company announced.
The criterion for the selection of redundancies of employees covered by the dismissal will be the criterion of the significance of the function due to the need to ensure the continuity of the company’s operation until the bankruptcy is declared, and location – limiting tasks in an organizational unit in a given location, and thus reducing employment, the company further announced.
A few days ago, Open Finance announced that it intends to carry out the group layoffs in the period until December 31, 2022. This process was to cover 1,119 Open Finance employees, which was to constitute 100% of all employees as of January 24, 2022.
As indicated then, the company will notify the employees’ representatives of the reasons for the intended collective redundancies and invite them for consultation, and notify the employment office of the intention to carry out collective redundancies.
At the end of December last year, the management board of Open Finance filed a bankruptcy petition with the court
Open Finance is the largest financial advisory company on the Polish market. The company made its debut on the WSE in 2011.
Source: Open Finance and ISBnews
