Type
Internal restructuring
Country
Belgium
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

1,800 jobs
Number of planned job losses
Job loss
Announcement Date
21 December 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 December 2015

Description

BNP Paribas Fortis announced its intention to reduceĀ its workforce by 1800 employees by 2015.

According to the management, the reduction will be implemented through natural attrition and the non-replacement of retiring employees. As a result, the company will only recruit 200 new employees per year to replace 800 to 850 departures.


Sources

  • 21 December 2012: De Standaard
  • 21 December 2012: L'Echo
  • 21 December 2012: La Libre

Citation

Eurofound (2012), BNP Paribas Fortis, Internal restructuring in Belgium, factsheet number 74732, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74732.