ABN Amro to cut 15 percent of jobs

ABN Amro strives to cut until 2024 about 15 percent of all jobs, says the bank in a “strategy update”. Most jobs expire after 2022.

According to the bank, people whose jobs disappear will be able to work ‘elsewhere’ in the bank.

“We are going to limit the impact on our employees through natural turnover and retraining to roles in which we will provide deficits in the coming years”, a press release says.

What does it mean isn’t exactly clear.

ABN Amro’s income has been under pressure for some time. In this way, the bank, like other banks, earns less on loans.

At the end of last year, some 18,000 people worked at the bank, most of them in the Netherlands.