Polish bank BPH to lay off up to 12 pct of staff

Thu Feb 26, 2009 10:50am EST
 
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WARSAW, Feb 26 (Reuters) - Polish bank BPH BPHW.WA, owned by GE Money (GE.N), said in a statement on Thursday it would lay off up to 580 people, 12 percent of its its workforce, because of the spreading global financial crisis.

BPH now employs 4761 people in Poland.

The bank gave no more details in the statement. (Writing by Karolina Slowikowska; Editing by Greg Mahlich)