23,600 jobs to go following ABN Amro merger

Some 12,800 jobs are to be axed and another 10,800 will be relocated to low wage countries following the merger of ABN Amro and Barclays.

A deal on a merger between the two banks was announced on Monday morning.
Barclays has offered €67bn for Holland’s biggest bank. This is equivalent to €36.25 per share, four cents below its closing price on the Amsterdam stock exchange on Friday, reports news agency ANP.

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