Type
Internal restructuring
Country
Germany
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

275 jobs
Number of planned job losses
Job loss
Announcement Date
21 August 2004
Employment effect (start)
Foreseen end date

Description

ING BHF-Bank will shed 275 jobs in the frame of its reorientation. The job suppression will affect the network and the headquarters in Frankfurt. The bank aims to focus on 500 clients rather than the 2,600 until now.


Sources

  • 21 August 2004: Frankfurter Rundschau

Citation

Eurofound (2004), ING, Internal restructuring in Germany, factsheet number 60548, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60548.