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Lots of executives will be leaving BNP Paribas Fortis

©Belga
©Belga

Around 265 managers aged 57 or more have accepted the planned departure plan they were offered last year, l’Echo said on Tuesday. This exceeded the management’s expectations, as they had hoped that 200 executives would accept the offer. The managers get 50% of their salary, topped up by an end of career credit-time allowance. In total, around 1,160 employees and executives at BNP Paribas are on a planned departure program.

The bank has 623 staff with long-term illnesses. This means that more than 1,700 staff cannot work, around 10%.

As part of a plan to reduce costs by 300 million euros between now and the end of 2015, BNP Paribas Fortis is currently reducing its workforce, which is the equivalent of 1,800 full-time workers. But, it insists “no-one will be fired”.

(Source: Belga)

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