Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Noord-Holland; Groot-Amsterdam
Location of affected unit(s)
Amsterdam
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66.11 - Administration of financial markets

100 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2014
Employment effect (start)
Foreseen end date

Description

On 20 February Dutch wholesale bank Kas Bank announced it will cut 100 out of 750 jobs. The restructuring is part of a cost cutting operation. One of the driving forces behind the step is persistently low interest rates.  In March it will become clear which employees will be dismissed.


Sources

  • 21 February 2014: Het Financieele Dagblad

Citation

Eurofound (2014), Kas Bank, Internal restructuring in Netherlands, factsheet number 76648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76648.