Restructuring events
European Restructuring Monitor (ERM)
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.
On 14 November 2014 ABN Amro announced that it will cut 650 to 1000 jobs in the retail banking department before 2018. The bank indicates that the reason behind the job cuts is that an ever increasing share of transactions are taking place online and that less and less people visit bank branches (294 at present). A spokesperson stresses that the service levels will be increased, not decreased. The union for professional and managerial staff De Unie has expressed its doubts with regard to this statement.
Eurofound (2014), ABN Amro, Internal restructuring in Netherlands, factsheet number 77876, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77876.