CNB workforce shrinks after reorganisation
The Czech National Bank has been through a process of reorganisation over the past 14 months. This has resulted in a decrease of 6.6% in the number of job positions to 1,403.
The decision to make these organisational changes was preceded by in-depth analyses aimed at streamlining the central bank’s work and optimising the number of job positions.
“The changes affected the entire bank. We encouraged our managers to consider whether they needed to do all the things they were doing or whether they could cope with fewer staff if the bank’s organisational structure or the way they interact with other units was changed. They then submitted their suggestions to the Bank Board. The outcome of this not entirely painless process is a leaner and more efficient bank,” said CNB Governor Miroslav Singer.
As a result of the reorganisation, the number of job positions at the CNB has dropped by 96. A total of 70 posts have been abolished at the CNB’s Prague headquarters and 26 at its branches.
“The Czech National Bank now has its smallest workforce since 2006, despite the recent increase in its duties. With the integration of financial market supervision we have taken over the work performed by the former Czech Securities Commission as well as the supervision of insurance companies, private pension schemes and credit unions. Our consumer protection powers have been increased significantly, and a new international area of work has arisen in response to the crisis initiated in the advanced countries’ financial markets,” said Governor Singer.
Marek Petruš, CNB spokesman