ING

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding
150 jobs
Number of planned job losses
Job loss
Announcement Date
24 November 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 December 2003

Description

ING Bank France, subsidiary of ING group, announced a social plan running since the beginning of the year. Management announced that from 800 employees, ING Bank will be running with 660 at the beginning of 2004. Moreover, 19 ING Securities agencies have been closed in France. The announced cost of the social plan is EUR 15 million.

Sources

  • 24 November 2003: Les Echos

Citation

Eurofound (2003), ING, Internal restructuring in France, factsheet number 59317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59317.