Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2009), ING, Internal restructuring in Netherlands, factsheet number 68157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68157.