Dutch bank ING has informed the employment agency UWV that it may cut around 950 jobs by 31 December 2026. In its notification on 20 October, the lender said the planned reductions stem partly from the ongoing rollout of artificial intelligence. Unions, however, hope the impact of digital transformation on employment will be less severe than anticipated.
On 20 October, the Dutch banking group ING, which has 15,000 employees in the Netherlands, filed a notification of collective redundancy with the employment agency UWV to get its authorisation, in accordance with local rules. The redundancy plan, which is to be implemented by 31 December 2026, could affect around 950 jobs, though the figure only represents an estimate at this stage. According to the bank, the job cuts are partly linked to the rapid deployment of artificial intelligence. “Employ
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Article authors
Nathalie Tran
Editor-in-Chief Mind HR