At Royal Bank of Scotland (RBS) disappear in the Netherlands hundreds of jobs. Union Jolien Dekker Director of CNV Services union said request to assume a loss of about 600 jobs, although the exact plans are not yet known. “We know that RBS is the world reorganizing and continuing, but the news still comes as a shock. Ninety percent of the jobs in the Netherlands will disappear. ‘Dekker expects the next five years at least another 15,000 jobs will be lost in the financial sector in the Netherlands.
The Dutch branch of RBS, which has its headquarters on the Amsterdam Zuidas, employs approximately 650 people. CEO Jan de Ruiter confirmed to the FD that disappears the vast majority of the Dutch jobs, but says he still can not call exact numbers. Does emphasize Rider that in most cases will be redundancies. The reorganization should be completed within 18 to 36 months.
The employees of RBS are already informed Thursday. With the works council and the trade unions have been held the first discussions about the extension of the current social plan. That plan expires at the end of this year, but will be extended according Rider two years.
Global r eorganisatie
The redundancies in the Dutch branch, according to a Rider result of a global reorganization, which was announced Thursday. RBS then made a billion loss known and reported that the bank will largely withdraw from 25 countries. The group needs to make cuts and operate more efficiently. RBS will no longer be in 38 countries are represented, but only thirteen.
In 2014, RBS made a loss of £ 3.5 billion ((€ 4.8 billion). It was the seventh consecutive year that the bank was in the red, but the loss was far less than in 2013 (£ 9 billion). During the financial crisis, the British banking a capital injection of around £ 45 billion. The UK government is still 80% ownership of the bank.
Impact in the Netherlands is high
RBS stops in the Netherlands with international payments and credit to Dutch listed companies, says CEO Rider. “That makes the impact of the reorganization in the Netherlands large. The implications for staff are greater than for the customers.” RBS remains listed Dutch companies do provide credits but credit can be done according to him from London . Risk management, trading in currencies and interest rate derivatives, and relationship management also remain among the Dutch activities.
Earlier RBS announced in 2012 within one and a half 500 jobs by the year 2000 then delete jobs in the Netherlands. At that time was given as the reason that sales declined and that therefore the cost should be reduced through more efficient operations. Many jobs that were then deleted were temporary jobs and administrative and support functions.
Former employees ABN Amro
RBS bought in 2007, along with the then Belgian-Dutch bank Fortis and Banco Santander, ABN Amro and then split the Dutch bank. A large part of the current employees have previously worked at ABN Amro.
In the financial sector in the Netherlands in the last decade thousands jobs are deleted. Been at almost all banks and insurance companies are layoffs and lost with affiliated accountancy and law firms are also many jobs. The job losses at banks and financial institutions between autumn 2008 and now far above the 20,000 out.
Consequences of automation
Trade Union Director Jolien Dekker CNV Services estimates that up to 2020 another between 15,000 and 20,000 jobs in the financial sector (banks, insurance companies and pension administrators) will be lost. “The aftermath of the financial crisis have not yet been processed. The financial services industry must reinvent itself. The restructuring is not over. Moreover, the impact of more automation and digitization will be huge. “Dekker should therefore companies in the financial sector join forces to limit the social consequences of these developments.
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