Internal restructuring
Location of affected unit(s)
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

148 jobs
Number of planned job losses
Job loss
Announcement Date
21 February 2014
Employment effect (start)
31 March 2014
Foreseen end date
31 December 2016


Axa Bank announced the intention to cut 148 jobs in Belgium by the end of 2016. About 77 job losses will be achieved via natural departures and 71 through direct dismissals. About 74 jobs will be cut in 2014. According to the management, the decision comes from the need to be more competitive by enhancing the customer service activities. 

Trade unions consider the decision as unacceptable because the job cuts are probably the result of the company's bad investments in Eastern Europe countries and they intend to reduce the number of redundancies.


  • 21 February 2014: RTL
  • 21 February 2014: L'Echo
  • 21 February 2014: La Libre


Eurofound (2014), Axa Bank Belgium, Internal restructuring in Belgium, factsheet number 76693, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76693.