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 Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.1 - Activities auxiliary to financial services, except insurance and pension funding
New offshoring locations
Romania
500 jobs Number of planned job losses
Announcement Date
25 September 2009
Employment effect (start)
Foreseen end date
30 September 2010
Description
ING, a global financial services company, is to cut 500 jobs out of approximately 750 in the Czech Republic, by the end of September 2010, in order to reduce operation costs. The company plans to move supporting services (administration and IT positions) to Romania. ING employs 100,000 people globally and operates in more than 40 countries.
Sources
25 September 2009: Hospodárske noviny
Citation
Eurofound (2009), ING, Offshoring/Delocalisation in Czechia, factsheet number 69569, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69569.
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