ING QUITS ONLINE BANKING IN FRANCE: 460 JOB CUTS

Posted 22 December, 2021

ING has announced its withdrawal from the online banking market in France. This decision is the conclusion of a strategic review carried out since June 2021 by the Dutch bank. ING employees in France were informed today of the conclusion of the strategic review and an agreement was signed with the representative trade unions on the support measures for an Employment Protection Plan (PSE) concerning approximately 460 job cuts.

ING's corporate and investment bank (Wholesale Banking) maintains its activities in France with the objectives of consolidating its position on the market and its positioning as a benchmark bank in sustainable finance.

ING is currently examining with third parties the possibility of concluding an agreement concerning its client portfolio. As discussions are ongoing, no further information can be given on this subject at the moment. ING's online banking today has around 1 million customers.

"Customers continue to benefit from the usual online banking services. Customers and partners will be informed individually before any change in products and services," said ING.

Previous story

22 December, 2021 13:44

← AMAZON AND META (FACEBOOK) SHUN CES IN LAS VEGAS

Amazon, Meta (Facebook), and several other American technology giants, including Twitter and Pinterest, confirmed yesterday that they were not going to be present at the Consumer Electronics Show (CES) in Las Vegas, a major electronics show scheduled for the January 5 to 8, due to the health situation and the new Omicron variant of Covid-19.

AMAZON AND META (FACEBOOK) SHUN CES IN LAS VEGAS

Next story

21 December, 2021 16:46

WALL STREET: TIME TO REBOUND →

Wall Street, which has just followed three sessions of decline, is expected to grow quite clearly at the opening. While concerns about the rapid spread of the Omicron variant of the coronavirus around the world, a few days before the holiday season, remain high, operators are expected to make cheap purchases in relatively calm news as the day approaches Christmas.

WALL STREET: TIME TO REBOUND
Write a comment
 
Prove you’re not a bot + 10 = 15