EMCC European Monitoring Centre on Change

Dexia Bank

16 Jul, 2015
    • Belgium
    • France
    • Luxembourg
  • Organisation size

    1000+

  • Establishment size

    1000+

  • Type of restructuring
    • Internal restructuring
  • Ownership
    • Private
  • Sectors
    • Financial services
  • Involved actors

    • European Commission
    • National government
    • Regional/local government
    • Public employment service
    • Education/training provider
    • Business/employers organisation
    • Trade union
    • Works council
  • Management of change activities
    • Diagnosis of the situation and designing change procedures
    • Information and consultation of workers or their representatives
    • Multistakeholder communication and networking
    • Redeployment of affected employees within the organisation
    • Transition of affected employees to other employers
    • Employment subsidies
    • (Re)training of affected employees
    • Income support for affected workers
    • Flexible/early retirement schemes
    • Supporting the access to finance of the affected organisation
    • Reorientation of previous productive resources (site/equipment/etc) and diversification measures
This report focuses on how Dexia Bank Belgium has responded to the considerable challenges resulting from the financial and economic crisis, and how the transformation of its workforce has been managed under these circumstances. It specifically emphasises the role of the social partner organisations at different levels (European, national, local), their role in the change management process and the impact of restructuring on employment.
keywords
  • Recession/crisis
  • Flexicurity
  • Cross-border restructuring