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AMSTERDAM, Netherlands -- The largest Dutch bank ABN AMRO Holding NV will shed 5,000 staff over the next three years in addition to sizeable job cuts already planned, a leaked report from the bank's workers council said Tuesday.
An ABN AMRO spokesman said the bank's own estimates were of 2,800 reductions over the next four years.
The report was carried in Tuesday's Financieele Dagblad newspaper.
ABN AMRO agreed a pact with staff in June which it said would then trim the bank's 37,000-strong domestic payroll by around two percent a year over the next four years -- with a loss of about 2,800 jobs.
Bank to Cut 5,000 Jobs
02 November 1994
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