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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Brussels
Sector
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
New offshoring locations
Slovakia, Philippines
185 jobs Number of planned job losses
Announcement Date
5 December 2015
Employment effect (start)
Foreseen end date
Description
ING Bank has announced that it is cutting 185 jobs and envisages the closure of up to 50 bank branches in Belgium. The company estimates that branch transactions have declined by almost a half (48%) in the last four years as customers have increasingly turned to online banking. Many of the cuts will come in the group's IT division, including the offshoring of important control room activities (128 jobs) to Katowice in Poland. Another 51 jobs, in operational and customer services, will also be moved to lower-wage countries - Slovakia (Bratislava) and the Philippines (Manila). Finally, some modest job cuts are foreseen in the complaints departments (6 jobs).
Sources
5 December 2015: De Tijd
Citation
Eurofound (2015), ING Bank, Offshoring/Delocalisation in Belgium, factsheet number 85988, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85988.
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