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

850 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
7 November 2007
Employment effect (start)
31 December 2008
Foreseen end date
31 December 2011


ING, the multi-national financial services group, has announced that it is to cut 850 jobs across Belgium. The job losses stem from the decision of the group to automate certain banking services within their Belgian branch network. The job losses will be implemented between the end of 2008 and the end of 2011. Management personnel at the firm have stated that no compulsory redundancies will be made and that the job losses will be achieved through a policy of not replacing retiring staff. ING employs 12,000 in Belgium.


  • 11 April 2009: L'Echo
  • 7 November 2007: L'Echo


Eurofound (2007), ING, Internal restructuring in Belgium, factsheet number 66061, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66061.