Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Noord-Holland; Groot-Amsterdam
Location of affected unit(s)
Amsterdam
Sector
Financial / Insurance/ Estate
66 - Activities auxiliary to financial services and insurance activities
66.3 - Fund management activities
66.30 - Fund management activities

1,000 - 1,200 jobs
Number of planned job losses
Job loss
Announcement Date
9 December 2025
Employment effect (start)
9 December 2025
Foreseen end date
31 December 2030

Description

APG, a Dutch pension administration and asset management company, announced 1,000 to 1,200 job cuts across its Dutch operations, including Heerlen and Amsterdam. The reductions are planned to be implemented gradually over the coming years until 2030.

The measure is part of a broad reorganisation intended to lower operating costs, make the organisation more compact and increase its competitiveness as the Dutch pension sector adapts to the new pension system. The company aims to reduce its workforce from about 3,700 full-time jobs to around 2,500.

APG stated that part of the reduction will be achieved through natural attrition and not filling vacancies, while the impact will be felt across pension administration, asset management and support services. Trade union De Unie said the announcement had hit staff hard and warned that employees face years of uncertainty while they are also expected to deliver the transition to the new pension system.

APG serves eight pension funds and is the Netherlands’ largest pension administrator.


Sources

  • 9 December 2025: Het Financieele Dagblad (fd.nl)
  • 9 December 2025: NOS (nos.nl)

Citation

Eurofound (2025), APG, Internal restructuring in Netherlands, factsheet number 204556, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204556.