Oct 03

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ING plan to cut 7,000 jobs, spend on digital draws union ire:

ING Groep’s plans to shed 7,000 jobs and invest in its digital platforms to make annual savings of 900 million euros ($1 billion) by 2021, drew swift criticism from unions of the Netherlands’ largest financial services company on Monday.

The layoffs represent slightly less than 12 percent of ING’s 52,000 workforce because nearly 1,000 are expected to come at suppliers rather than the bank itself.

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