Rabobank to cut 5,000 jobs
3 years, 10 months ago

Rabobank to cut 5,000 jobs

NL Times  

Rabobank will be cutting 5 thousand jobs in the next five years. But unlike other major reorganizations announced in the past months, this one is not due to the coronavirus pandemic pressuring results. The bank is focusing more on digitization and wants to keep costs low due to stricter legislation and extremely low interest rates, NOS reports. The bank currently employs over 40 thousand people worldwide.

Bank Rabobank  wants  workforce  branches  jobs  cut  rabobank  euros  worldwide  unlike  low  5000  thousand  bank

History of this topic

230,000 jobs, 5,300 businesses saved by gov't Covid support: Rabobank
3 years, 5 months ago

230,000 jobs, 5,300 businesses saved by gov't Covid support: Rabobank

NL Times  

A massive 230 thousand job losses and 5,300 bankruptcies were prevented during the coronavirus pandemic, Rabobank calculated. "Economists assume certain laws," Hugo Erken of Rabobank said. These support measures had a hefty price tag, with the State paying out some 20 billion euros in advances through the NOW regulation alone. "Then confidence would have been hit people would have started …

Rabobank to close branches to 'meet challenges ahead'
4 years, 1 month ago

Rabobank to close branches to 'meet challenges ahead'

Dutch News  

Rabobank is planning to reorganise its local branch network, the Financieele Dagblad said on Thursday, quoting confidential company documents. By closing more local offices and further centralising management, the bank aims to shore up profits and get a better grip on the current risks, the FD said, adding that bank management consider the changes crucial to meet the challenges ahead …

ING to shut a quarter of branches as online banking booms
4 years, 5 months ago

ING to shut a quarter of branches as online banking booms

Dutch News  

The ING and Rabobank are planning to reduce branch numbers more quickly, because the coronavirus crisis has sped up the adoption of online banking, reports the NOS. A quarter of ING’s 170 branches will be closed, and some of the 100 local Rabobanks which are currently shut are expected to stay this way. There are some offices where currently an …

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