Five banks on the market, four of which top ten players, cutmore than 2,000 jobs together, pressured by the crisis to adjusttheir costs.
The 2009 recession swallowed more than 3,700 jobs from the bankmarket, driving the total number of employees down to some67,900.
At the end of 2008, after three years of spectacular lendinggrowth, the bank personnel had reached a record peak of more than71,600 people. Last year's crisis quickly brought it down to the2007 level.
Without clients to take out loans, hundreds of employees in thethousands of bank offices and branches were left without workpartners. Some of them were moved to collection of overdue loans,while some left the financial market.
Bank sources say the harshest adjustment was made by Credit EuropeBank, number fourteen on the market, which cut the number of staffby more than 500 to 1,545.
Bancpost, the ninth leading lender in Romania, also operated anextensive personnel cutback, letting more than 400 people go, andkeeping about 3,500, although it only closed 9 branches.
The ground rule applied by most banks was to not replace the peoplewho left by retirement or on their own free will, except for thosesituations where a key position was vacated.
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