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
602 jobs Number of planned job losses
Announcement Date
25 September 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 December 2011
Description
The bank Dexia is about to cut 602 jobs in Belgium (445), Luxembourg (143) and France (14). This restructuring process is part of a bigger plan that would save EUR 600 million by 2011. The bank intends to focus on its core activities such as retail banking and insurances, and improve the efficiency of its diverse departments. Dexia was severely affected by the financial crisis.
Sources
26 September 2009: La Libre Belgique
Citation
Eurofound (2009), Dexia, Internal restructuring in European Union, factsheet number 69591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69591.
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