De Nederlandsche Bank (DNB), the central bank of the Netherlands, is set to cut 290 full-time positions in a strategic move aimed at cost reduction. This restructuring effort will primarily impact the IT, Finance, HR, and communications departments. The bank anticipates that most reductions will occur through the natural expiration of contracts, with forced layoffs being largely avoided.
The reorganisation is part of DNB’s broader plan to decrease its workforce to approximately 2,090 full-time employees by the year 2030. This initiative is expected to generate savings exceeding €70 million, achieved through a combination of reduced external hiring and other cost-saving measures. Despite facing pressures from rising wages and prices, DNB aims to maintain its budget for 2030 at a level comparable to that of 2025.
Since 2020, the bank’s budget has seen a significant increase, now reaching €576 million. Factors contributing to this rise include expanded legal responsibilities, escalating wages and inflation, investment in IT infrastructure, and the temporary relocation of staff during the renovation of DNB’s headquarters.
Employees at DNB have been informed about the effects of the reorganisation as the bank proceeds with implementing its final plans. This follows consultations with the works council, and it underscores the bank’s commitment to efficiency while managing the challenges posed by its operational costs.