ING Belgium Braces for Tough Social Negotiations Amid Restructuring
Brussels, Belgium – Social negotiations at ING Belgium are anticipated to be challenging as the bank moves forward with a restructuring plan impacting approximately 3,200 roles, announced earlier this month.The plan, aimed at adapting to evolving customer preferences and a changing economic landscape, includes a reduction of around 1,800 full-time equivalent positions through a combination of voluntary departures and redundancies.
The restructuring at ING Belgium, part of a broader group-wide strategy, seeks to streamline operations and invest in growth areas like wealth management and digital services. The social dialog, involving unions and management, will focus on mitigating the impact of job losses and ensuring a fair process for affected employees. ING Belgium aims to achieve €90 million in cost savings by 2027 through this transformation, while simultaneously investing in future-proof skills and technologies. The bank has committed to avoiding forced redundancies as much as possible, prioritizing voluntary departures and internal mobility.
