The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
203 - 303 jobs Number of planned job losses
Announcement Date
20 March 2003
Employment effect (start)
1 March 2003
Foreseen end date
Description
ABN Amro employs 33,000 people in the Netherlands, 2,500 in the ICT department which is to be restructured. This plan is a consequence of the worldwide restructuring plan launched in 2001. There will be no direct dismissals, the 203 jobs from the ICT division will move inside the company.
December 2003. ABN Amro is studying the possibility of outsourcing some of its activities based in the Netherlands to countries with lower wages. Unions fear the loss of hundreds of jobs.
January 2004. Some 100 jobs will be axed in the internal control service which has to be centralised to be more efficient.
Eurofound (2003), ABN Amro, Internal restructuring in Netherlands, factsheet number 59703, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59703.
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