ABN Amro to cut up to 1,000 jobs as customers bank increasingly online
State owned ABN Amro is scrapping between 650 and 1,000 jobs over the next few years, saying customers are increasingly dealing with their banking affairs online.
The bank, which was nationalised at the time of the financial crisis, has the equivalent of 22,000 full time workers. The jobs will go at the bank’s operations around the world and the reorganisation will be completed in 2018.
The bank made net profit of €383m in the third quarter of 2014, down €7m on the year earlier period.
‘We will also further concentrate the branch network and upgrade the branches, offering a broader range of services at each branch,’ chief executive Gerrit Zalm said in a statement.
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