ABN Amro is planning to axe almost a quarter of its full-time staff, as the Dutch lender embarks on an overhaul of the business under new chief executive Marguerite Bérard.
The bank said on Tuesday that it would cut 5,200 full-time roles by 2028 as part of a new strategy to reduce costs and boost profitability.
ABN employed about 22,000 full-time employees at the end of last year and said that half of the “net reduction” in headcount would come through attrition, as employees leave without being replaced.
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