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12° Nicosia,
09 March, 2026
 

Eurobank rolls out voluntary exit plan for up to 300 employees

Two-week program offers compensation of up to €200,000 as bank continues efforts to streamline operations.

Panayiotis Rougalas

Panayiotis Rougalas

Eurobank has announced a new voluntary exit plan aimed at reducing its workforce across the entire group, including employees from its insurance subsidiaries.

The program targets the departure of up to 300 staff members. Employees who choose to participate can receive compensation of up to €200,000, depending on their position and years of service. The offer will remain open for two weeks.

This is the second such initiative by the banking group in recent months. In March 2025, Eurobank implemented a similar voluntary exit scheme that was approved for 154 employees, about 7% of the group’s workforce at the time. That program was expected to generate annual savings in personnel costs of roughly €11.2 million.

The new plan appears to be part of the bank’s broader effort to streamline operations and manage staffing levels across its businesses.

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Cyprus  |  banks  |  business  |  economy

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