Belgium - Negotiations lead to less redundancies - February 28, 2017

Last year the ING Bank announced a major restructuring with an estimated loss of 1700 jobs (see the CBN-Archive). After several rounds of negotiations, the trade unions and the ING management reached an oral agreement about a maximum of 890 redundancies, instead of the 1,700 previously announced. The agreement includes a goal of 400 redundancies. There will be between 400 and 890 redundancies. The main element of the agreement is an anticipated retirement plan for employees aged over 55 who have been at the company for more than 10 years. The bank will also keep the equivalent of 200 more full-time commercial employees than previously planned, by keeping open 20 extra branches (154 branches out of 650).

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For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Willy De Backer For previous issues of the Collective bargaining newsletter please visit Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at, and on the AIAS at

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