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

2,350 jobs
Number of planned job losses
Job loss
Announcement Date
26 August 2011
Employment effect (start)
1 September 2011
Foreseen end date
31 December 2014


On 26 August 2011, banking group ABN Amro announced it will cut another 2,350 jobs until the end of 2014. This comes on top of the loss of more than 6,000 jobs over the past two years after the merger of ABN Amro and Fortis.

The job cuts are attributed to the need to decrease the costs, which are high compared to competitors. The majority of the job losses will take place at the head office (administrative functions), the IT department, and the retail and private banking departments.

ABN Amro plans to cut around 1,500 jobs through forced dismissals due to the low labour turnover rate. The unions stated they were shocked. The works council still has to be consulted on the restructuring.


  • 27 August 2011: De Volkskrant
  • 27 August 2011: Het Financieele Dagblad
  • 26 August 2011: NRC Handelsblad


Eurofound (2011), ABN Amro, Internal restructuring in Netherlands, factsheet number 72300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72300.