Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66.1 - Activities auxiliary to financial services, except insurance and pension funding

7,000 jobs
Number of planned job losses
Job loss
Announcement Date
25 September 2009
Employment effect (start)
Foreseen end date

Description

ING, the global financial services group, plans to reduce its workforce worldwide by 7,000 positions out of 100,000 worldwide in order to cutback expenses by 1 billion in 2009. As of September 2009, there is no precise information about the timeline.


Sources

  • 25 September 2009: Hospod├írske noviny

Citation

Eurofound (2009), ING, Internal restructuring in World, factsheet number 69570, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69570.