Netherlands -ING plans 2,350 job cuts -November 7, 2012

After having published that it had made a third-quarter net profit of €609m the largest Dutch financial services group ING , which employed 94,000 people at the end of June 2012, said it was to cut 1,350 jobs at its European insurance operations and 1,000 in commercial banking, or 2.5% of its workforce. The company said the redundancies would be made over two years. So far, it is unclear where the bulk of the cuts will take place and when they will start.



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