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BUSINESS IN SHORT

Social insurer to lay off hundreds

THE STATE social insurance company, Sociálna Poisťovňa (SP), is planning to lay off 600 of its current 5,900 employees by the end of July, SP’s general director, Ľuboš Lopatka, told the TASR newswire on January 17.

THE STATE social insurance company, Sociálna Poisťovňa (SP), is planning to lay off 600 of its current 5,900 employees by the end of July, SP’s general director, Ľuboš Lopatka, told the TASR newswire on January 17.

Lopatka said that SP is not doing this primarily to cut its expenditures.

“We're not reducing the number of people because it's in the budget, because somebody ordered us to do so, or due to the crisis. This is right and it is necessary to do this so that the institution functions properly,” Lopatka said, adding that the changes would improve client focus.

SP should save around €8 million overall, with initial savings of €2 million.


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