EMCC European Monitoring Centre on Change



Geographic Location

Country: World


Sector: Financial services
Financial and insurance activities
66.1 - Activities auxiliary to financial services, except insurance and pension funding
Number Employed: 100000

Employment Effects

Announcement Date: 25-09-2009
Planned Job Reductions min: 7000
Planned Job Reductions max: 7000
Type of Restructuring: Internal restructuring

Additional Information

ING, the global financial services group, plans to reduce its workforce worldwide by 7,000 positions out of 100,000 worldwide in order to cutback expenses by 1 billion in 2009. As of September 2009, there is no precise information about the timeline.