Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65 - Insurance, reinsurance and pension funding, except compulsory social security

800 jobs
Number of planned job losses
Job loss
Announcement Date
1 July 2009
Employment effect (start)
Foreseen end date
31 December 2012


On 1 July 2009 Dutch financial services company ING Groep NV (ING) announced that it will restructure its insurance activities in the Netherlands with the consequent loss of 800 jobs (10% of its workforce) over the next three years. The company is to merge its three Dutch insurance brands - Nationale Nederlanden, RVS and ING - into one organization under the Nationale Nederlanden brand.

Background is a loss in market share and the need to streamline the organisation. However, ING said it expects that forced dismissals will be an exception - most of the job cuts will be implemented through attrition, internal reallocation and non-renewal of temporary contracts.

The cuts come on top of 7,000 jobs the company is eliminating worldwide this year in a bid to lower operating costs by EUR 1 billion.


  • 2 July 2009: Het Financieele Dagblad


Eurofound (2009), ING, Internal restructuring in Netherlands, factsheet number 69210, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69210.