The layoffs took place in the department in charge of problematic investments. Because of a move toward centralized operations, the number of employees in the Nova Gorica office will decrease dramatically next year. The Municipality of Nova Gorica has responded to the layoffs by following through on its plan to do business with other banks instead.
NKBM is withdrawing from Nova Gorica
There is no information regarding the number of companies that have switched to other banks out of principle, but many corporations are seeking better terms at other banks for business reasons.
Nova KBM management explains that the former employees have received severance pay and that they will be able to participate in a program to help them find new employment. In the future, the company will also consider offering the employees other positions within the company, just not in Nova Gorica.