The third largest Dutch bank, ABN AMRO, will reduce staff Of 5,200 positions by 2028as part of its new financial strategy for the period 2026-2028. “ABN AMRO is simplifying its organizational structure to improve effectiveness and efficiency,” the bank states on its website.
Citing among other things the integration ofartificial intelligencethe credit institution explained that the technology will play “a central role” in its strategy. “As a result, our staff will decrease by 5.200 FTE net (full-time contracts) by 2028 compared to 2024,” the bank writes on its website, adding that it expects half of cuts will derive from “natural abandonment of staff“.
The CEO’s reaction and the social plan
“I understand that the changes to our cost basisespecially the reduction of full-time staffare a source of uncertainty for our colleagues”, said Marguerite Bérard, CEO at ABN AMROunderlining that the bank is committed to supporting those affected through a social plan which includes financial support and assistance in finding “new opportunities.” The Dutch bank thus demonstrates attention to its employees despite the strategic cuts.
According to its website, ABN Amro currently has 21,976 employees serving 5 million customers. The bank also indicated that it will reduce its headcount by more than 1,000 positions during 2025.