Finance sector workforce continues to shrink, as internet banking takes off

Amsterdam’s Zuidas business district. Photo: DutchNews.nl

While the construction and healthcare sectors are crying out for staff, the number of jobs in the financial sector continues to shrink, national statistics office CBS said on Monday.

The size of the working population grew by 334,000 between 2006 and 2016, but the  number of people employed by banks and insurance companies fell 43,000, the CBS said.

The shift to online banking has reduced the need for staff, and the banking crisis also led to thousands of people losing their jobs.

Of the 12,000 people who stopped working in the financial sector in 2016, 40% ended up claiming unemployment benefits. In general, just under a quarter of people who lose their jobs end up claiming WW, the CBS said.


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