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 64.9 - Other financial service activities, except insurance and pension funding
115 jobs Number of planned job losses
Announcement Date
29 November 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2011
Description
On November 29th, 2010, the bank KBL European Private Bankers (2600 employees in the world) announced to cut 115 positions in its staff and in its subsidiary KBC. Management started to negotiate a social plan with unions, on December 1st, and explain the company will avoid direct dismissals. KBC have to make face to automation of processes and the consequences of the economic and financial crisis. The President of the union ALEBA underlined the quality of social dialogue and said that an early retirement scheme will be introduced.
Eurofound (2010), KBL European Private Bankers, Internal restructuring in Luxembourg, factsheet number 71256, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71256.
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