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)
Sector
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
400 jobs Number of planned job losses
Announcement Date
8 November 2016
Employment effect (start)
1 January 2017
Foreseen end date
31 December 2018
Description
BNP Paribas Fortis, the Belgian subsidiary of the French BNP Paribas group, has announced plans to reduce its staff by 250 employees. This plan follows up a previous restructuring by the company that should lead to the resignation of 260 older employees by mid 2017. In five years time the company will have reduced its total staff by 4568.
Update: In mid January the company announced it will increase the number of employees departing to 400 between 2017 and 2019. Most of these will leave through an early departure plan targeted at workers aged 55 and over with 25 years of service.
Sources
8 November 2016: HLN
8 November 2016: De Tijd
12 January 2017: L'Echo
Citation
Eurofound (2016), BNP Paribas Fortis, Internal restructuring in Belgium, factsheet number 90320, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90320.
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