Dutch asset manager and pensions provider MN is set to slash more than 200 fulltime jobs as part of a four-year restructuring programme.
The 100bn asset manager said that it is planning to slash its workforce of 1,250 employees to a "rational scale", owing to ongoing automatization of work processess, and provision of hiring staff for temporary projects, reports Investment & Pensions Europe.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Michiel Cleij, MN spokesperson, did not divulge precise details such as in which departments the job cuts would be implemented or whether there would be forced redundancies.
However, the company said that the job cuts would be done in cooperation with the unions and the works council of the company, with focus on relocating these employees elsewhere in the organisation.
MN provides pensions administration for nearly 2 million people affiliated with 36,000 employers in the Netherlands and the UK.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
