EMCC European Monitoring Centre on Change

BBL (Banque Bruxelles Lambert)

Company/Organisation:
BBL (Banque Bruxelles Lambert)

Geographic Location

Country: Belgium

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Group: ING Group

Employment Effects

Announcement Date: 17-01-2003
Planned Job Reductions min: 750
Planned Job Reductions max: 750
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2003
Foreseen End Date: 01-12-2005
Other Job Reduction Measures: 498

Additional Information

Implementation of the "Athena" plan of the BBL and the restructuring plan of the ING Group. Those jobs will not be direct dismissals. 150 will be relocated in the group and the rest will be early retirements, natural dismissals or resignations.