If an employer has to terminate an employment contract on economic grounds, prior consent of the Employee Insurance Agency is needed. As per 1 July 2015, it is possible to appoint a redundancy committee by collective bargaining agreement (CBA). The redundancy committee then takes over the role of the Employee Insurance Agency in case of dismissal on economic grounds. Recently, the first case law on this subject appeared. The redundancy committee of ABN AMRO Bank ruled that the position of the employee (employed by ABN AMRO since 1980) became redundant and that suitable reassignment within a reasonable term (equal to the statutory notice period of, in this case, four months) was not possible. ABN AMRO and the employee searched for the possibilities for redeployment for a period of two years. In that period the employee did not apply once. The redundancy committee gave consent to terminate the employment contract and also ruled that it has no power to grant the statutory transitional fee.