BBL (Banque Bruxelles Lambert)

Type
Internal restructuring
Country
Belgium
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
750 jobs
Number of planned job losses
Job loss
Announcement Date
17 January 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 December 2005

Description

Implementation of the "Athena" plan of the BBL and the restructuring plan of the ING Group. Those jobs will not be direct dismissals. 150 will be relocated in the group and the rest will be early retirements, natural dismissals or resignations.

Citation

Eurofound (2003), BBL (Banque Bruxelles Lambert), Internal restructuring in Belgium, factsheet number 59507, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59507.