Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Noord-Holland; Groot-Amsterdam
Location of affected unit(s)
Amsterdam
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

115 jobs
Number of planned job losses
Job loss
Announcement Date
9 February 2009
Employment effect (start)
Foreseen end date

Description

Financial intermediator State Street announced on 9 February 2009 it will cut 115 jobs in Amsterdam, almost 80% of all employees. The main reason is the loss of its major customer ABNAMRO in 2007. As of February 2009, there is no information on when the job cuts will occur.


Sources

  • 10 February 2009: Het Financieele Dagblad

Citation

Eurofound (2009), State Street, Internal restructuring in Netherlands, factsheet number 68155, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68155.