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
445 jobs Number of planned job losses
Announcement Date
25 September 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 December 2011
Description
Dexia bank announced the cutting of 445 jobs in Belgium. This plan is part of a bigger restructuring process that will concern jobs in France and Luxembourg too. The bank that was severely hit by the financial crisis intends to save 600 million euros until 2011 and improve the efficiency of its different departments. In Belgium, the management intends to discuss with the trade unions in order to avoid direct dismissals as much as possible and to promote early retirements and other job reduction measures. link to earlier fact sheet http://www.eurofound.europa.eu/emcc/erm/factsheets/12614
Sources
26 September 2009: La Libre Belgique
Citation
Eurofound (2009), Dexia, Internal restructuring in Belgium, factsheet number 69592, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69592.
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