Dexia Bank Nederland to reorganize activities

Dexia Bank Nederland’s Executive Board announces its plan to reorganize the bank’s activities so as to adapt them to the new market environment, make the organization more efficient and lower the cost base.

This reorganization is expected to reduce the number of full time employments by 350 to 400, out of a total staff presently of 1300. Consultations of the staff representatives are programmed as from the beginning of April 2002, and it is expected that the bulk of the planned changes will be completed by mid 2002.

(source: Dexia S.A.)

Related News