Van Lanschot

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
64.1 - Monetary intermediation
200 - 300 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2012
Employment effect (start)
1 February 2012
Foreseen end date
31 December 2014

Description

Van Lanschot, a Dutch financial institution specialized in private banking and asset management services, announced to cut 200 to 300 jobs in the coming three years.

As announced, most of the job cuts are expected to take place via natural attrition though forced dismissals are not ruled out.

It is reported that the bank wants to cut costs because of the persistent uncertainty in the banking sector.

Van Lanschot is the oldest independent bank in the Netherlands and employs 1,862 people.

Sources

  • 30 January 2012: Van Lanschot
  • 30 January 2012: nrc

Citation

Eurofound (2012), Van Lanschot, Internal restructuring in Netherlands, factsheet number 73117, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73117.