De Nederlandsche Bank (DNB), the central banking authority of the Netherlands, has announced plans to cut 290 full-time positions as part of a strategic reorganisation designed to reduce operational costs. This restructuring will predominantly impact the IT, Finance, HR, and communications sectors. The bank is aiming to achieve these reductions mainly through the natural expiration of contracts, with forced layoffs considered largely avoidable.
By implementing these workforce reductions, along with limiting external hires and other financial efficiency measures, DNB expects to save over €70 million. The bank is targeting a workforce size of approximately 2,090 full-time employees by 2030. Despite the challenges of rising wages and increasing prices, DNB intends to maintain its budget for 2030 at levels comparable to those planned for 2025.
Since 2020, DNB’s budget has seen a significant increase, climbing to €576 million. This rise has been attributed to several factors, including the assumption of additional legal responsibilities, increased wages and inflation, substantial investments in IT infrastructure, and the temporary relocation of staff necessitated by the ongoing renovation of its headquarters.
As DNB moves forward with these finalised plans, following consultations with its works council, employees have been briefed on the anticipated impacts of the reorganisation. These changes are part of DNB’s broader efforts to streamline operations and position itself for future financial sustainability while continuing to meet its expanded regulatory obligations.