Bloomberg News

Rabobank Says Job Cuts Are Part of Earlier Announced Program

September 28, 2011

Sept. 28 (Bloomberg) -- Rabobank’s plan to cut more than 1,000 jobs next year at its 140 local branches forms part of a reorganization that was announced earlier, Fransce Verdeuzeldonk, a Rabobank spokeswoman, said in an interview today.

Dutch newspaper Het Financieele Dagblad reported today that the job cuts come on top of the ongoing reorganization, citing Erwin Rog, a representative of labor union De Unie.

To contact the editor responsible for this story: Fred Pals at fpals@bloomberg.net


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