Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

250 jobs
Number of planned job losses
Job loss
Announcement Date
27 January 2004
Employment effect (start)
Foreseen end date

Description

Staalbankiers wishes to focus on private banking activities and is therefore putting an end to its business banking activities. 250 on the 450 existing jobs will be axed, the 17 offices will be reduced to 6 regional offices. Backoffice and IT services will be externalized. A social plan is under discussion with the trade unions.


Sources

  • 27 January 2004: Staalbankiers - Press releases
  • 28 January 2004: NRC Handelsblad

Citation

Eurofound (2004), Staalbankiers, Internal restructuring in Netherlands, factsheet number 59347, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59347.