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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
2,400 jobs Number of planned job losses
Announcement Date
13 February 2013
Employment effect (start)
28 February 2013
Foreseen end date
1 January 2015
Description
On 13 February 2013, Dutch-based bank and insurance company ING announced its plans to cut an additional 2,400 jobs throughout its Dutch and Belgian retail operations.
The measures form part of a wider cost-cutting strategy and are taking place in addition to the 2,350 job cuts announced in November 2012.
According to news reports, since 2011 the bank has reduced its workforce by around 7,500 which represents about 10 per cent of its staff.
Sources
13 February 2013: International Business Times
13 February 2013: manager magazin
Citation
Eurofound (2013), ING, Internal restructuring in European Union, factsheet number 74915, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74915.
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