Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
HSBC, a multinational banking group, announced a 582 job cuts affecting its Polish and German operations.
In Poland, 134 staff will lost their jobs, including finance, banking, risk, compliance and other units. In an earlier wave in June, the Krakow center saw 128 employees dismissed across various IT, HR and cybersecurity roles HSBC Service Delivery 2026 - PL.
In Germany, HSBC is ending its transaction services business, cutting approximately 320 positions at Transaction Services GmbH and Service Company Germany GmbH progressively until 2028.
The restructuring aims to simplify HSBC’s operating model and reduce costs worldwide. The layoffs are part of a broader strategy that includes relocating some processes to India.
Eurofound (2026), HSBC, Internal restructuring in European Union, factsheet number 301035, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/301035.
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