Eurobank announces voluntary separation scheme for staff

Eurobank Ltd has officially launched a voluntary separation scheme targeting the departure of up to 300 employees. The program offers a maximum tax-free compensation of €200,000 to eligible staff. To qualify, employees must be over 35 years of age and have completed at least five years of service at the bank or its insurance subsidiaries. The application window is open until March 23. This initiative follows a previous announcement in September 2025 by CEO Michalis Louis, who identified such schemes as standard practice during organizational restructuring. The launch was reportedly delayed due to geopolitical tensions in the Middle East. The scheme is available to staff across the newly integrated Eurobank structure, including personnel from CNP, the former Eurobank Cyprus, and the former Hellenic Bank. The bank intends to manage the process in consultation with the ETYK trade union.