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ING to cut another 2,400 Benelux jobs

Photo: Reuters

Photo: Reuters

Dutch banking and insurance group ING said another 2,400 jobs would go in the Netherlands and Belgium, as it prepares to separate its banking and insurance operations against a backdrop of tough financial markets. The latest round of layoffs at ING follows a similar announcement in November and brings the cuts in the past 15 months to 7,500 of the group’s total headcount at the end of December. ING yesterday reported a lower-than-expected fourth-quarter net profit of €1.43 billion.

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