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2,400 Jobs To Go At A B N -- U K To Be Severely Hit

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2,400 jobs to go at ABN

By Stephen Seawright (Filed: 26/04/2006)

ABN Amro is to cut at least 2,400 jobs worldwide with
Britain being one of the countries to be most severely hit
in measures designed to save €150m (£104m) a year.
The job cuts will centre around the ABN's back office functions such as transaction processing and in the bank's IT department. In addition to the UK, the reorganisation will hit the Netherlands, the US and Brazil.
While 2,400 jobs are cut ABN plans to hire about 900 replacements in low cost countries such as
where it has a wholly owned operations back office subsidiary.

Tick tock, tick tock :o

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I've outsourced freelance IT projects to india and I'm a small business - it's the smart thing to do for the time being.

The quality/professionalism from my experience isn't up to the standard of their counterparts in the UK, You have to pressure them a lot more to get your project finished - but you can't complain at the price you're paying.

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I believe that one of the most useful indicators of economic health can be the number of jobs advertised in the press (both local and national).

For instance, my own local paper saw the number of vacancies rise quite dramatically from 2001 to peak 18 months ago at around 425 - since then it's dropped regularly and now comes in at around 120. Much below this will signal a coming recession in my opinion!

Pity the site doesn't have a thread where members post their local job advert numbers each week. It might help us see ahead of the curve!

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  • 302 Brexit, House prices and Summer 2020

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      • down 5% +
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