Brief: ING Groep Sees Around 400 Redundancies As Part Of WB Reorganisation

ING Groep

29/10/2026 06:10

Oct 29 (Reuters) - ING Groep N.V. INGA.AS:
TO SIMPLIFY WHOLESALE BANKING ORGANISATION, EXPECTS AROUND 400 REDUNDANCIES GLOBALLY
NUMBER OF ROLE TO CHANGE EFFECTIVE MARCH 1, 2027
PRE-TAX REDUNDANCY PROVISION OF AROUND €175 MILLION IS EXPECTED TO BE BOOKED IN Q4
MEASURES EXPECTED TO RESULT IN A COST REDUCTION OF AROUND €75 MILLION PER ANNUM, FULLY EFFECTIVE FROM 2028 ONWARDS
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