Nordea has commenced its planned workforce reductions in Poland, targeting its Lodz branch as the initial site for the cuts.
The Finnish-headquartered bank is executing a broader restructuring program aimed at eliminating 1,500 positions globally by the end of 2027.
This move marks the first tangible implementation of the headcount reduction strategy in the country, following earlier announcements of the group-wide plan.
The layoffs come as Nordea seeks to streamline operations and improve efficiency across its international footprint.
While the bank has previously signaled its intent to reduce costs, the actual execution in key markets like Poland signals a shift from planning to action.
The Lodz branch, a significant operational hub, will see immediate staff reductions, setting the stage for further cuts in other regions as the program progresses through 2027.