De Nederlandsche Bank (DNB), the central bank of the Netherlands, is set to undergo a significant reorganisation that will see the reduction of 290 full-time positions. This move is part of an effort to cut costs, with most of the job reductions expected to occur through the natural expiration of contracts, thus avoiding the need for compulsory layoffs.
The restructuring will primarily impact several departments, including IT, Finance, Human Resources, and Communications. By 2030, DNB aims to trim its workforce to approximately 2,090 full-time employees. Alongside this workforce reduction, the bank plans to implement various cost-saving measures, such as decreasing external hires, which together are projected to save over €70 million.
Despite the pressures of rising wages and prices, DNB intends to maintain its budget for 2030 at a level similar to that of 2025. This decision comes in response to a significant budget increase since 2020, which saw the budget reach €576 million. This rise has been attributed to several factors, including new legal responsibilities, increased wages and inflation, emergency investments in IT infrastructure, and the temporary relocation of staff due to headquarters renovations.
As DNB moves forward with these changes, employees have been briefed on what to expect from the reorganisation. This follows consultations with the bank’s works council, allowing the final plans to be implemented smoothly. The bank’s leadership is focused on ensuring that the measures not only address the current financial challenges but also position DNB for a stable future.