ABN Amro to Cut Jobs
ABN Amro is said to cut its workforce by another 1500 jobs. This was announced together with its third quarter earnings report. This round of cuts is in addition to the redundancies which were announced in September.
ABN Amro which is undergoing privatisation has said that the job cuts will be able to generate EUR 400 million in savings for the bank.
News Source: Finews Asia
About ABN AMRO
ABN AMRO has a long-standing history in banking with certain of its business operations having roots in the early 18th century. The bank serves retail, private and corporate banking clients with a primary focus on the Netherlands and with selective operations internationally. ABN Amro’s colour code (green and yellow) communicate the message of ABN Amro shield. Green symbolises unchanging values and stability. Yellow symbolises optimism for the future. Used together, these colours convey aspiration. An ambition that inspires recognition.
- Origin : Amsterdam, Netherlands
- Assets : EUR 390.3 billion
- Revenue : EUR 8.46 billion
- Employees : 22,048
Official Website: www.abnamro.com
News & Media: Press Release
Updated on 8th August 2016