Rabobank to cut 1,230 jobs
Non-listed cooperative bank Rabobank is to cut 1,230 jobs by 2013, the Telegraaf reports on Wednesday.
The plan, part of measures aimed at generating cost savings of €219m between 2012 and 2013, will be discussed by the works council in September.
The bank does not rule out compulsory redundancies but says limiting the employment of contract staff will cut the workforce by 850 jobs.
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