Several hundred bank workers are likely to lose their jobs after ABN Amro announced a fresh round of redundancies.
Finance director Kees van Dijkhuizen did not rule out compulsory job losses as he told the NOS Radio 1 Journaal that the bank was looking to make €200 million of savings.
The organisation is expected to announce in the next few weeks exactly how many people it plans to lay off as it tries to bring down its costs-to-income ratio from 61.8% to between 56% and 60%.
‘We have looked at other banks’ costs and examined ourselves in a critical light,’ said chairman of the board Gerrit Zalm, who has held the post since the bank was nationalised in 2008.
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