The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
5,000 - 6,500 jobs Number of planned job losses
Announcement Date
1 July 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2012
Description
Dutch bank ABN Amro and Fortis Bank Netherlands, which were bought by the Dutch state last year, are to cut between 5,000 and 6,500 jobs over the next three years as the two businesses are merged. The cuts represent about 17% of the combined workforce of the banks.
Sources
7 July 2010: NRC Handelsblad
Citation
Eurofound (2010), ABN Amro/Fortis, Merger/Acquisition in Netherlands, factsheet number 70744, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70744.
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