Rabobank Group, a Dutch lender, is planning to cut between 1,000 and 2,000 jobs in the next several years, as part of a strategy to trim down costs by 2016.
Rabobank CEO Ralf Dekker was quoted by NL Times as saying “Operating from within a central organization with lower overhead, makes it better, faster, and smarter.”
The latest job cuts will mostly affect the employees working at its Utrecht headquarters as well as the Dutch activities of Rabobank’s international division, as it is being combined into the headquarters.
The Dutch bank, which employs approximately 60,000 people across the globe, is slashing costs due to tougher regulatory environment as well as customers’ inclination towards online banking.
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