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 Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
2,000 jobs Number of planned job losses
Announcement Date
25 July 2013
Employment effect (start)
25 July 2013
Foreseen end date
1 January 2016
Description
Dutch cooperative bank Rabobank announced it will probably cut 2,000 extra jobs on top of the 6,000 announced earlier (see Rabobank 2013 and Rabobank 2012).
As a result, the total number of jobs will decrease from 28,000 now to 20,000 by 2016.
Some 300 out of 800 branches will be closed.
Rabobank will invest heavily in mobile banking and sees less furure for branch offices. Furthermore, after intensive negotiations, Rabobank entered into a new subdued collective labour agreement, which will remain in effect until 1 January 2016.
Sources
22 August 2013: Rabobank (press release)
25 July 2013: NRC Handelsblad
Citation
Eurofound (2013), Rabobank, Internal restructuring in Netherlands, factsheet number 75653, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75653.
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