ING Will Lay Off 12% of Staff in ‘Digital Transformation’

In the next five years, the bank (ING) expects to reduce its workforce by around 5,800 workers, mostly in Belgium and the Netherlands, out of approximately 52,000. This will result in costs savings of around $1 billion by 2021, the bank noted in the release, which reproduces a recent speech by CEO Ralph Hamers.

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