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About ING Belgium

Below are a few milestones at ING Belgium in a nutshell

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1998

BBL acquisition

BBL, which was created from the merger between Banque Lambert and Banque van Brussel (1975), was taken over by the ING group

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2002

Brand name BBL disappears

Name BBL disappears and becomes ING Belgium

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Financial crisis hits the banking sector.  The Dutch state injects 10 billion euros into the group, which in exchange must reorganize and give up part of its activities on the orders of the European Commission.

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2008

Financial crisis

2016

ING is cutting 7,000 jobs worldwide

ING announces that it will cut 3158 jobs in Belgium, of which 1700 will be naked redundancies.  ING has already been hit by job losses in recent years.

 

The unions are trying to limit the loss and are working together on a social plan. 55+ and guidance.

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2021 - 2024

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The reasons why ACLVB has not signed the Collective Labor Agreement

  • Because these agreements do not imply "evolution", but open the door to a de facto "restructuring".

  • Because these agreements may mean a deterioration of the working conditions, well-being and remuneration of the staff, who will have to lose net purchasing power.

  • The criterion that has guided the bank is cost reduction across the board, both general costs and personnel costs.

  • Because the bank has seized the opportunity to make rapid progress in future restructuring.

  • Because these agreements touch on the individual right of disposal. According to these agreements, among other things, function, place of employment and work schedule become of secondary importance, which means that the bank can demand unrestricted mobility without compensation in the event of an employee's refusal.

  • Because job security is only guaranteed for 10 months (until the end of 2021).

  • Because the (office) staff and customers will have to show enormous flexibility. This will inevitably lead to tense and conflictual situations. Too much and too fast, with totally inadequate support, which will have an impact on the well-being of employees and on commercial results, while the commercial pressure does not abate.

  • Because there is inequality in the allocation of benefits and reimbursements.

  • Because the CLA imposes social peace on the unions that signed the agreements not to take any action against the bank for those elements stipulated in the collective bargaining agreement.

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