The management at Belfius has said that it is open to alternative suggestions on how it can cut costs from the trades unions.
Many of the job cuts will be achieved through early retirement and natural wastage. Belfius needs to save 210 million euro. Most of the savings will come from staffing costs.
However, some will also come from a reduction in the amount Belfius spends on its buildings. The Board of Directors has also decided to reduce the number of directors at Belfius from 9 to 7.
The Belgian arm of Dexia’s banking operation was bought by the Belgian state for 4 billion euros last year.