Internal restructuring
Location of affected unit(s)
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
Job loss
Announcement Date
14 March 2007
Employment effect (start)
15 March 2007
Foreseen end date
31 December 2007


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.


  • 15 March 2007: Het Financieele Dagblad


Eurofound (2007), SNS Reaal, Internal restructuring in Netherlands, factsheet number 65131, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65131.