ING cuts 2350 jobs, posts profit plunge
The Hague - AFP
Dutch bank ING on Wednesday said it would cut 2,350 jobs in the coming years as it announced a sharp drop in net profits for the third quarter. Some 1,350 jobs would go from its insurance branch in Europe by the end of 2014, while 1,000 posts would be axed from its banking branch from 2015, ING said. Net profit for the third quarter reached just 609 million euros ($784 million), sharply down from the 1.69 billion euros posted for the same period a year ago.
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