The Polish financial market shrinks with new banks announcing its workforce reduction over the last months. Following Kredyt Bank and BZ WBK, now DnB Nord is to announce the new strategy for 2012, Puls Biznesu daily reports, that includes cutting jobs. The bank plans to withdraw from the retail banking with its plan to enter MPS sector been placed on hold. According to one of the DnB Nord employees, the bank is to be focusing on larger cities and it’s possible it will be transformed into a branch. A secondary shock wave after the 2008 financial crisis enters Polish market, some analysts claim, adding that the jobs reduction could reach 5,000 employees.
