Social Plan signed at ING Luxembourg

On 24 October 2025, the trade unions ALEBA, LCGB and OGBL, in close collaboration with ING Staff Delegation, found an agreement with ING Luxembourg, and after long but constructive and respectful discussions, signed a social plan covering the potential dismissing of 124 impacted employees.

Despite the regrettable decision by management to reduce the workforce through a social plan, the agreement was achieved in a spirit of open dialogue and collaboration, with the shared objective of supporting all employees affected by the bank’s ongoing strategic transformation.

The social plan provides enhanced financial indemnities and also includes dedicated support for career transition and training. These measures ensure that the social plan offers decent and considerate conditions for all employees concerned.

As part of ING Luxembourg’s strategic shift towards Private and Wholesale Banking activities, the management decided to implement structural changes and a reduction in certain roles through a social plan.

The Trade Unions would like to emphasize that every effort to offer the best possible departure conditions for the impacted employees has been made.

Press release issued by OGBL, LCGB and ALEBA, October 27, 2025