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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Brussels ING Investment Management
Sector
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66 - Activities auxiliary to financial services and insurance activities
New offshoring locations
Netherlands
100 jobs Number of planned job losses
Announcement Date
16 January 2009
Employment effect (start)
2 February 2009
Foreseen end date
31 December 2009
Description
The Dutch Bank ING has announced 100 jobs losses within its Investment Management unit located in Brussels. The 'back-office' activities in charge of the transactions will be transfered to the Netherlands while the sale and marketing activities will remain in Brussels, employing 25 people. ING is the first bank in Belgium to announce redundancies since the financial crisis, which has seriously concerned the financial sector.
Sources
17 January 2009: L'Echo
16 January 2009: La Libre Belgique
Citation
Eurofound (2009), ING, Offshoring/Delocalisation in Belgium, factsheet number 67914, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67914.
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