De Nederlandsche Bank (DNB), the central bank of the Netherlands, has announced a significant reorganisation that will result in the elimination of 290 full-time positions. This move is part of a broader strategy to curb expenses. The reduction in workforce will primarily be achieved through the non-renewal of existing contracts, with the bank aiming to avoid compulsory redundancies as much as possible.
The departments most affected by this restructuring include IT, Finance, Human Resources, and Communications. The goal is to streamline operations and bring the total number of full-time employees down to approximately 2,090 by the year 2030. This strategic plan includes not only a hiring freeze on external candidates but also other cost-cutting measures designed to save upwards of €70 million.
DNB is targeting to maintain its financial budget for 2030 at roughly the same level as that projected for 2025, despite the pressure of escalating wages and prices. The central bank’s budget has seen a notable increase since 2020, now standing at €576 million. This rise is attributed to additional legal obligations, wage inflation, emergency investments in IT infrastructure, and the temporary relocation of staff necessitated by the renovation of its headquarters.
The bank’s workforce has been briefed on the potential impacts of this reorganisation. The final plans are set to be executed following discussions with the bank’s works council, ensuring that employee concerns are taken into account as the central bank moves forward with these changes.
