The extraordinary works council meeting which ING will hold on Monday morning will naturally be the forum to announce its major restructuring plans. These place 4,000 contractual posts under threat, per information published by Sudpresse today (Thursday).
Of the 726 branches under the group’s direct management, only around hundred will be left after the cull.
Franchised branches, at present, remain unaffected by this extensive plan.
The trade unions indicate not having been informed of such figures, but state categorically that they are preparing for the worst.
The merger with Record Bank, which will simultaneously hold a similar meeting, is also likely to be announced at the meeting.