ABN Amro

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
17 December 2004
Employment effect (start)
Foreseen end date

Description

The Netherlands' biggest bank ABN AMRO is axing 2,850 jobs or 3% of its worldwide staff as it seeks to cut its costs and restructure its investment banking business. 1,000 jobs will be shed in the Netherlands: some 600 in the IT sector (some of these jobs could be outsourced), some 225 in the personnel department and some 225 in the investment banking sector.

Sources

  • 17 December 2004: Brabants Dagblad

Citation

Eurofound (2004), ABN Amro, Internal restructuring in Netherlands, factsheet number 60970, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60970.