Internal restructuring
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

2,430 jobs
Number of planned job losses
Job loss
1,380 jobs
Number of planned job creations
Job creation
Announcement Date
3 December 2015
Employment effect (start)
Foreseen end date
31 December 2018


Banking group BNP Paribas Fortis is restructuring both its retail network as well as its central services functions in Belgium. As a consequence, 2,430 jobs will be cut. The restructuring however also envisages the creation of 1,380 new jobs. The net job loss is therefore 1,050 jobs, equivalent to around 7% of the group's employment in Belgium.

The restructuring is part of the new Vision 2020 plan motivated by rapid digitisation of services, a weak economy, growing regulation and competition and the changing expectations of their clients. Management envisages that the cuts will be implemented mainly through natural attrition and without recourse to compulsory redundancies. 


  • 3 December 2015: De Standaard
  • 3 December 2015: De Tijd


Eurofound (2015), BNP Paribas Fortis, Internal restructuring in Belgium, factsheet number 85649, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85649.