Royal Bank of Scotland (RBS) is scrapping at least 600 of its 650 jobs in the Netherlands, the bank’s local chairman Jan de Ruiter is quoted by the Telegraaf as saying on Tuesday.
The confirmation came after the CNV union said RBS is reducing its activities in the Netherlands to a minimum. By 2018, there will be just 10 to 15 jobs at the Amsterdam office, according to the CNV.
RBS’s presence in the Netherlands stems from its disastrous takeover of ABN Amro in 2008. The Scottish bank, which led the €73bn takeover bid, is largely in British government hands after running into financial difficulty. ABN Amro Nederland was completely nationalised.
In 2007, RBS had 2,500 employees in the Netherlands.
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