The trade unions ALEBA, LCGB and OGBL, in collaboration with the staff delegation of ING Luxembourg, signed on Friday 24 October 2025 a social plan covering the potential dismissal of 124 employees affected by the bank’s restructuring.
The unions stated that the agreement followed “constructive and respectful discussions” and was reached in a “spirit of open dialogue and collaboration,” with the shared objective of supporting employees impacted by ING Luxembourg’s ongoing strategic transformation.
The plan provides for enhanced financial compensation and includes measures for career transition and training support, ensuring fair and considerate conditions for all affected employees.
As part of its strategic shift towards Private and Wholesale Banking activities, ING Luxembourg management decided to implement structural changes and a reduction in certain positions through the social plan.
The trade unions emphasised that every effort had been made to offer the best possible departure conditions for impacted employees.
