Update on ING Luxembourg’s strategic transformation

On 24 October 2025, following constructive and respectful discussions, the Staff Delegation, ALEBA, LCGB and OGBL reached an agreement with ING Luxembourg and signed 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 fair, and considerate conditions for all employees concerned.

The social plan was required as part of ING Luxembourg’s strategic shift towards Private and Wholesale Banking activities. This evolution led to structural changes and a reduction in certain roles, making an accompanying social plan necessary to support affected employees fairly.

Both ING Luxembourg’s management and employee representatives emphasize that the agreement reflects a shared commitment to fairness, and care for all colleagues impacted by this strategic decision.