Bil’s IT Fire Sale – How the Bank Is Dumping 140 Staff to Kyndryl and Calling It a “Partnership”

Behind the cheerful announcement of an “expanded partnership”, the Banque Internationale à Luxembourg is quietly preparing to offload around 140 IT staff to Kyndryl. That’s nearly 70 percent of Kyndryl Luxembourg’s entire workforce. The press release was politically correct. Whistleblowers, however, were “alarmed”. And for good reason. Bil is not modernising. Bil is outsourcing its people and calling it progress. Two Years of “Protection” – How Bil and Kyndryl Are Papering Over a Mass Dumping of IT Workers Bil confirms that around 140 IT staff will be transferred to Kyndryl. The exact number, the bank says, will be known “at the time of the transfer”. How convenient. Bil claims to have negotiated social safeguards: equivalent pay, same benefits, and two years of contractual protection against dismissal. Two years. After that, these 140 people are Kyndryl’s problem. Not Bil’s. Bil insists it followed all the rules. But following the rules and doing right by people are two very different things. From 216 Employees to 200 – and Now a 140-Staff Injection: Kyndryl Luxembourg’s Growing Appetite for Outsourced Labor According to Kyndryl Luxembourg’s latest accounts, the company employed an average of 200 people in the financial year ending 31 March 2025, down [...]

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