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 Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
50 - 100 jobs Number of planned job losses
Announcement Date
16 January 2009
Employment effect (start)
19 January 2009
Foreseen end date
30 June 2009
Description
ING Hellas announced on 9th January 2009, its plans to dismiss 50 to 100 employees by June 2009.
In line with the company's internal restructuring plan, ING Hellas will concentrate on local operations with pension and life insurance products and pull out of lossmaking health services - a plan that will involve these job cuts.
The General Confederation of Greek Workers regard this announcement as unacceptable, especially as it comes from a viable and profitable company. The Conferederation blames ING's Administrative Board for showing social irresponsibility.
ING is an international financial organisation offering insurance financial and banking services globally to 75 million customers - individuals, small and large companies, organisations and governments – in 50 countries.
Sources
16 January 2009: Eleftherotypia
9 January 2009: Kathimerini
Citation
Eurofound (2009), ING, Internal restructuring in Greece, factsheet number 67844, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67844.
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