ING Group

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Netherlands, other locations
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.1 - Monetary intermediation
1,250 jobs
Number of planned job losses
Job loss
Announcement Date
18 March 2026
Employment effect (start)
18 March 2026
Foreseen end date

Description

ING, the Dutch financial group, has announced plans to cut approximately 1,250 positions worldwide.

Up to 950 roles are expected to be cut in the Netherlands ING 2026 - NL. The programme will heavily impact the Anti-Money Laundering division, which currently employs around 6,000 staff.

The cuts are part of a global cost-saving programme aimed at reducing annual expenditures by €350 million. The restructuring is driven by the bank's strategy to accelerate its transition into a digital-first institution through the increased use of artificial intelligence and automated workflows.

Headquartered in the Netherlands, ING Group is active in over 100 countries, employing about 60,000 people worldwide.

Sources

Citation

Eurofound (2026), ING Group, Internal restructuring in World, factsheet number 204448, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204448.