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Bank Pekao SAPekao lender reaches agreement with trade unions on changes to remuneration and bonus conditions
Listed lender Bank Pekao has reached an agreement with trade unions on changes to remuneration and bonus conditions, the bank said in a market filing. Pekao estimates the total costs related to the change in the terms of employment of the bank's employees as part of collective redundancies at approximately PLN 22 million (EUR 5.2 mln) gross, and a provision will be created in the bank's accounting books for this purpose.
The bank announced that 2,515 bank employees (95 percent) accepted the change in remuneration and bonus conditions proposed by the bank, and on August 25, 2025, the bank concluded an agreement setting out the rules for changing the terms and conditions of remuneration and bonuses for no more than 138 employees in the course of collective redundancies with three trade unions operating at the bank, including all representative organizations.
"The parties to the agreement agreed on the terms of severance pay and additional benefits for persons who did not accept the bank's proposal to change the terms and conditions of remuneration and bonuses," the statement said.
"It was also agreed that the process of presenting employees with notices changing the terms and conditions of their employment contracts would begin no earlier than September 1, 2025, and end no later than September 30, 2025, and would apply to no more than 138 bank employees," it added.
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