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
650 - 1,000 jobs Number of planned job losses
Announcement Date
14 November 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2017
Description
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.
Sources
14 November 2014: NRC Handelsblad
15 November 2014: Het Financieele Dagblad
Citation
Eurofound (2014), ABN Amro, Internal restructuring in Netherlands, factsheet number 77876, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77876.
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