Type
Internal restructuring
Country
Netherlands
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

250 jobs
Number of planned job losses
Job loss
Announcement Date
14 May 2013
Employment effect (start)
14 May 2013
Foreseen end date
31 December 2014

Description

On 14 May 2013 Van Lanschot announced plans to cut 250 (FTEs) jobs in 2013 and 2014.

The recent announcement comes on top of the running restructuring programme, announced in 2012 involving 200 to 300 job cuts (see Van Lanschot-2012). 

As announced the new job reduction plan is linked with the need for further cost saving measures and is going to be implemented by means of natural attrition though forced dismissals are not ruled out.

According to the company, the recent plan is under the framework of the general reduncy plan agreed with the trade unions in 2012 and will be submitted to the Works Council.

For previous restructuring see also Van Lanschot-2009 and Van Lanschot-2004.


Sources

  • 14 May 2013: Van Lanschot (press release)
  • 14 May 2013: nrc

Citation

Eurofound (2013), Van Lanschot, Internal restructuring in Netherlands, factsheet number 75807, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75807.