Dutch banks to reduce workforce amid AI adoption and cost-cutting – report [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
According to the report, the job cuts in the banking sector reflect ongoing efforts to address profitability pressures and adapt to changing operational demands. Recently, state-owned lender ASN Bank announced its plans to eliminate up to 950 positions by the end of next year, as part of its decision to consolidate its brands. The bank said the new strategy, under the theme 'Simplify and Grow', forms the second phase of its ongoing transformation that commenced at the end of 2024. ABN Amro agreed to acquire its local competitor NIBC Bank in a deal valued at about €960m ($1.1bn), targeting annual cost savings of up to €100m . The bank did not specify the number of job losses, however, it had already introduced a hiring freeze last year and reduced its workforce by nearly 700 full-time roles in the third quarter of this year. Last month, Amsterdam-based ING said that around 1,000 jobs could be affected due to ongoing digitalisation, AI initiatives, and shifts in customer beha
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ING
Earnings
- 10/30/25 - Miss
ING
Sec Filings
- 12/2/25 - Form 6-K
- 11/28/25 - Form 6-K
- 11/24/25 - Form 6-K
- ING's page on the SEC website