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)
Brussel
Sector
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.11 - Central banking
100 - 400 jobs Number of planned job losses
Announcement Date
7 July 2017
Employment effect (start)
1 May 2018
Foreseen end date
1 January 2020
Description
The Belgian National Bank has announced a plan to encourage older employees to retire early. The eligible employees will receive between 45% and 60% of their gross wages. Around 400 staff who perform an executive function are eligible for the scheme which seeks job reductions in view of the future closure of offices in Liege and Kortrijk. The bank plans to reduce the number of employees from 1950 currently to 1700 in 2020. The plans are criticised as in its yearly report the bank advocated policies according to which Belgian employees should work longer.
Sources
7 July 2017: Trends
7 July 2017: De Redactie
Citation
Eurofound (2017), Nationale Bank van België, Internal restructuring in Belgium, factsheet number 91453, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91453.
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