Luxembourg - Asset management firm KBC will cut 20 jobs - November 30, 2019

According to trade union ALEBA asset management firm KBC (with 42,000 employees worldwide and an annual profit of €7.5 billion) is planning to cut all local jobs as part of a company restructuring. The 20 staff members will be laid off in 2020. This announcement, not yet confirmed by the company, comes just one month after other financial institutions also announced job slashes.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) or the Head of communications at the ETUI, Mehmet Koksal
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