Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

600 jobs
Number of planned job losses
Job loss
Announcement Date
12 October 2009
Employment effect (start)
12 October 2009
Foreseen end date
31 December 2011

Description

On 12 October 2009, Royal Bank of Scotland announced it will cut 600 jobs, out of a total of 2,400 across the Netherlands. One third of the 600 affected employees have permant contracts. The expectation is that temporary jobs will be cut first. The restructuring is part of a worldwide operation, involving the loss of 9,000 jobs.


Sources

  • 13 October 2009: Het Financieele Dagblad

Citation

Eurofound (2009), RBS Nederlands, Internal restructuring in Netherlands, factsheet number 69782, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69782.