ING to cut 5,800 jobs in digital plan

ING to cut 5,800 jobs in digital plan
 

Dutch bank ING says it intends to cut about 5,800 jobs in Belgium and the Netherlands over the next five years as part of a cost-cutting plan.
The bank said the aim was to speed up the adoption of new technology and "continue to lead in digital banking".
It said 3,500 jobs would go in Belgium and 2,300 in the Netherlands. It expects to make savings of €900m (£780m; $1bn) a year.
ING said it was setting aside €1.1bn to pay for redundancies.
The bank currently employs 51,833 people.
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3 October 2016 in Business, Views: 40
Source: BBC
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