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Staff deduction by ABN Amro

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Netherland’s financial service ABN Amro has been at the down stairs of the Indian ranking since last years. It was followed by resign of many executives o f the company and hammered with credit crisis and lastly barred it from selling the part of the Indian business to ANZ Bank of Australia as per the sources claiming at the www.propertykhazana.com.
Going back to the early months of 2008 –former country head of ABN has shifted to Indusland Banks with few more executives was a bigger blow to the company and later on its investment Banking section was diverted from Frank Hancock for their tie ups with Barclays and with an another financial group of Australia. Source of www.propertykhazana.com also reveals that, around 50 from the Van Gogh Preferred Baking officials are also connected themselves with the Religare Macquarie Private Wealth on later stage.
According to the sources of www.propertykhazana.com ABN Amro has asked its 120 employees from credit cards and loan segment to get into new positions of collections and department of wealth management but one who is not satisfied can leave the organization by 7th April as per the company’s order. The Dutch financial device has now come down to 2854 human resources as compared to that of 3300 during the beginning of 2008. The company also calculates around 8500 staffs for its two arms of out sourcing. The Dutch bank, which has 120 in the credit cards and loan acquisition team, has offered them some positions in collections and wealth management departments. Those who don’t accept it will have to leave by April 7. More than 60 people may choose for voluntary retirement scheme, expecting 6-18 months income. The bank now has around 2,850 employees, down from 3,300 in early 2008. About 2,500 are in the retail and commercial banking department. The remaining employees are in the corporate, treasury, investment banking and wealth management businesses, which will be retained by RBS. It has another 8,500 in its two outsourcing arms. For more and latest realty updates visit www.propertykhazana.com
Source: NBTVLIVE

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