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.
On 14 February 2012, ABN Amro, a Dutch state-owned bank, announced it will cut 60 out of 395 jobs in the custody department of the clearing business. These investment banking activities will be transferred to Breda.
ABN Amro will try to find substitute employment for the employees concerned, but does not rule out forced dismissals. The timeline for the implementation of the redundancies is not yet known.
Eurofound (2012), ABN Amro Clearing, Relocation in Netherlands, factsheet number 73118, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73118.