Peter Krutil, CEO of Slovakia’s largest bank, SLSP, is implementing a plan involving a 5% cost cut and a 5% reduction in workforce this year and an additional 5% staff reduction in 2021. The bank employed 4,100 at the end of last year. The banking sector employed 200 fewer people at the end of March under an annual comparison. The bank will reduce all activities involving cash, as well as managerial positions. It will expand deposit ATMs and its digital services.