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NEWS: Dutch bank ABN Amro to cut 5,200 jobs by 2028

ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. Picture taken May 14, 2019. REUTERS/Piroschka van de Wouw/File Photo

By Jakob Van Calster and Mateusz Rabiega

ABN Amro plans to cut 5,200 full-time jobs by 2028, as the Dutch bank seeks to deliver on its cost-cutting promises and focus on its core businesses.

The reduction, equal to more than a fifth of the lender’s workforce, will affect all business areas, including recently acquired Hauck Aufhäuser Lampe and NIBC Bank, CEO Marguerite Bérard said.

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