Nationale Bank van België

Type
Internal restructuring
Country
Belgium
Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Location of affected unit(s)
Brussels
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.11 - Central banking
100 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2017
Employment effect (start)
1 May 2018
Foreseen end date
1 January 2020

Description

The Belgian National Bank has announced a plan to encourage older employees to retire early. The eligible employees will receive between 45% and 60% of their gross wages. Around 400 staff who perform an executive function are eligible for the scheme which seeks job reductions in view of the future closure of offices in Liege and Kortrijk.  The bank plans to reduce the number of employees from 1950 currently to 1700 in 2020. The plans are criticised as in its yearly report the bank advocated policies according to which Belgian employees should work longer.

Sources

  • 7 July 2017: Trends
  • 7 July 2017: De Redactie

Citation

Eurofound (2017), Nationale Bank van België, Internal restructuring in Belgium, factsheet number 91453, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91453.