Internal restructuring
Location of affected unit(s)
Amsterdam, Rotterdam
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

400 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2012
Employment effect (start)
11 May 2012
Foreseen end date
31 December 2013


On 10 May 2012 RBS (Royal Bank of Scotland) announced it will cut 500 jobs in the Netherlands in the coming one and a half year. Dismissals will affect mostly people employed in the administrative department (currently employing around 900 staff).

According to the bank representatives, the restructuring is due to the declining demand and need to cut costs. The bank reported a greater than expected loss in 2011.

The restructuring follows an earlier announcement in January 2012 to cut 3,500 jobs worldwide. Forced dismissals are not ruled out. The exact timing for the restructuring is yet to be announced.

Update 02.01.2013: The bank has already implemented 400 job cuts and is planning to cut an additional 500 jobs.


  • 11 May 2012: NRC Handelsblad


Eurofound (2012), Royal Bank of Scotland Netherlands, Internal restructuring in Netherlands, factsheet number 73635, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73635.