Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2012), Van Lanschot, Internal restructuring in Netherlands, factsheet number 73117, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73117.