Dexia to further restructure and cut 700 to 800 jobs, but still unable to precise the impacts on IT staff and projects

According to De Standaard, Het Nieuwsblad and L’Echo, the French-Belgian […]

September 3, 2010

According to De Standaard, Het Nieuwsblad and L’Echo, the French-Belgian group is about to implement a third cost-cutting phase.


Dexia Bil SA employs 1967 persons

700 to 800 staff are to be axed in Luxembourg, Belgium and France, the Belgian newspapers said. 

Contacted by phone this morning the Luxembourg branch confirmed the information: “In 2008 Dexia launched a 600 million euro-reduction plan, Nicolas Anen of Dexia press service in Luxembourg. A 240 million euro-package still remains to be further identified until the end of next year.”

The restructuration plan shall be approved next 10 September by Dexia’s board of directors. It will be then submitted to the group’s European works committee due to meet in Brussels on 15 September.

“Until the end of these discussions we are unable to give further details on the eventual decision impact’s on our IT staff and projects,” Anen admitted.

Dexia Luxembourg released the following statement to the press: Dexia wishes to make the following points..htm
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