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

168 jobs
Number of planned job losses
Job loss
Announcement Date
4 June 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 March 2009


Fortis bank terminated 168 jobs in Belgium (900 worldwide, factsheet 14339) during the first three months of 2009. The departments 'merchant bank' and 'retail bank' were the most affected. Among the jobs lost, which represent 0.9% of the whole staff, 75 workers were retired, 70 workers voluntary left the company and 23 were made redundant. The lost jobs are the consequence of a policy Fortis has been conducting since the end of 2008 and which consists in the non-replacement of the workers who left. Fortis was severely concerned by the financial crisis and the Belgian units were sold to the French bank BNP Paribas. The merger between Fortis bank and BNP Paribas led many workers to leave the company fearing any collective redundancy.


  • 4 June 2009: Le Soir
  • 5 June 2009: La Libre Belgique


Eurofound (2009), Fortis, Internal restructuring in Belgium, factsheet number 69523, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69523.