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

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


BNP Paribas Fortis, operating in global banking and financial services, announced that 2,000 jobs will be lost through natural wastage and 1,250 new jobs will be created by the end of 2012. The new subsidiary of the French group BNP Paribas, previously named Fortis bank, has launched an internal restructuring plan aimed at saving costs. The group

UPDATE  - 3 March 2010: Although the initial number of net job losses (750) announced at the end of 2009 has remained unchanged, BNP Paribas Fortis has recently announced that it is to accelerate the recruitment for 2010. Some 1,200 workers will be recruited by the end of 2010 instead of 850 announced at the end of 2009. This move is attributed to the need to compensate for the 2,000 natural departures at the Belgian subsidiary.


  • 1 December 2009: Wall Street Journal ()
  • 7 November 2009: Le Soir
  • 7 November 2009: L'Echo
  • :


Eurofound (2009), BNP Paribas Fortis, Internal restructuring in Belgium, factsheet number 69905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69905.