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
2,700 jobs Number of planned job losses
Announcement Date
10 February 2009
Employment effect (start)
Foreseen end date
Description
On 11 February 2009, ING announced that it is to cut 2,700 jobs in the Netherlands. The restructuring is part of a worldwide restructuring programme announced in January 2009, which will result in the loss of 7,000 jobs worldwide. For 1,700 jobs, temporary contracts will not be renewed and employees that leave will not be replaced. For the remaining 1,000 jobs, ING will try to avoid forced dismissals, but the unions fear that this may not be possible. This restructuring comes on top of another one, which is caused by the integration between the Postbank and ING into one bank, resulting in the loss of 2,500 jobs. ING employs 28,000 people in the Netherlands.
Sources
12 February 2009: Het Financieele Dagblad
11 February 2009: NRC Handelsblad
Citation
Eurofound (2009), ING, Internal restructuring in Netherlands, factsheet number 68157, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68157.
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