Leasing jobs at ING’s Czech and Slovak subsidiaries may be under
threat, as the Dutch bank has announced that some 280 roles –
nearly forty percent of its workforce in those regions – will be
cut before the end of 2010.

The announcement comes as part of a strategic move that will see
ING consolidate some of its CEE region back office resources
(primarily IT and operations) into one Romanian centre. The move
will apply to all of the bank’s activities, including leasing.

Earlier this year, fellow Benelux finance giant KBC cut jobs in
its Czech and Slovak CSOB subsidiaries, as the key CEE territories
continued to experience serious depression in manufacturing.

Fred Crawley

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