The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
200 jobs Number of planned job losses
Announcement Date
14 March 2007
Employment effect (start)
15 March 2007
Foreseen end date
31 December 2007
Description
Banking group SNS Reaal announced on 14 March 2007 that 200 jobs will be cut until the end of 2007 due to automation of the mortgage business. The SNS Reaal spokesperson also announced that in the future part of the administration activities will, in all likelihood, be outsourced. At present, about one in five of the 5,600 employees are working in such back office activities. In 2006, SNS Reaal already outsourced 20 jobs to Ordina, a major ICT-company.
Sources
15 March 2007: Het Financieele Dagblad
Citation
Eurofound (2007), SNS Reaal, Internal restructuring in Netherlands, factsheet number 65131, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65131.
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