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
315 jobs Number of planned job losses
Announcement Date
19 February 2009
Employment effect (start)
2 March 2009
Foreseen end date
31 December 2009
Description
The Bank ING announced its intention to cut 315 jobs in Belgium. ING is an international savings bank present in 50 countries that offer services in banking, investments, life insurance and retirement. The restructuring measures will not lead to direct dissmissals but will mainly consist in the non-replacement of retired staff, in transfers within the company or in non-recruitment of posts that were planned. The decision was motivated by the necessity for the bank to save more than 100 millions Euros.
Eurofound (2009), ING, Internal restructuring in Belgium, factsheet number 68316, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68316.
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