Rabobank

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
1,200 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2003
Employment effect (start)
1 February 2003
Foreseen end date
1 December 2005

Description

This reorganisation plan is called 'Fast' and is not a cost reduction measure(like the 'Progress' plan in 2000 when 3000 jobs were lost). There are no direct dismissals foreseen.

Citation

Eurofound (2003), Rabobank, Internal restructuring in Netherlands, factsheet number 59690, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59690.