Arab Today, arab today dutch bank ing to slash 1700 jobs
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Dutch bank ING to slash 1700 jobs

Arab Today, arab today

Arab Today, arab today Dutch bank ING to slash 1700 jobs

ING logo is seen in front of the headquarters of the Dutch
The Hague - AFP

Leading Dutch bank ING on Tuesday announced it will slash 1,700 local jobs over the next three years, as it upgraded its automated online banking services.
"ING is to take the next step in digital banking in the Netherlands. The measure (is) to result in the reduction of 1,700 jobs in ING's Dutch workforce," it said in a statement.
In addition a further 1,075 external contract jobs will also be scrapped.
The cuts will mainly target its Amsterdam-based headquarters, its IT department and call centres, ING said.
ING planned to standardise all its online banking systems including its mobile app, website, call centre and branches into a single service and upgrade its IT systems at a cost of 200 million euros ($248 million).
The job cuts however will lead to a total gross cost saving of around 270 million euros from 2018 onwards, ING said.
"In today's digital world, change is a constant factor," ING group chief executive Ralph Hamers said in the statement."We are creating a consistent customer experience by integrating our service channels in the Netherlands and by making a substantial investment to simplify and upgrade our IT systems," he said.
ING said it would "do our utmost" to help those affected by the cuts to find new jobs.
The largest Dutch bank employs some 53,000 people worldwide and has undergone significant restructuring in recent years.
Earlier this month ING announced it would ahead of time repay a multi-billion-euro loan received from the Dutch state during the 2008 financial crisis.
Apart from paying back the 10 billion euro loan, ING also had to sell off its insurance businesses and other subsidiaries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dutch bank ing to slash 1700 jobs Arab Today, arab today dutch bank ing to slash 1700 jobs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dutch bank ing to slash 1700 jobs Arab Today, arab today dutch bank ing to slash 1700 jobs

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday