Blade Watch

http://news.monstersandcritics.com/business/news/article_1311051.php/Consortium_19000_jobs_cut_following_ABN_Amro_takeover

Amsterdam – Some 19,000 jobs would disappear if banking consortium Royal Bank of Scotland (RBS), Fortis and Santander take over Dutch ABN Amro bank.

In the Netherlands alone, 7,500 jobs would be lost, the consortium told Dutch unions during a meeting Tuesday evening.

I found this when finding out what’s been going on with ABN Amro merger debate. Interestingly there will be job losses from the Barclays deal as well. Unfortunately from a shareholder standpoint, its the cost of doing business, the shareholders need to equate which deal provides them with the most return and then consider their concern about the job losses.

Related posts:

1. Lloyds Banking Group announce further job losses BBC News Lloyds Banking Group is to cut a further...
2. Some more thoughts on Sun/IBM Wall Street Journal Is Sun Microsystems going to let go...
3. Lloyds Banking Group to cut around 5000 jobs Finextra Lloyds Banking Group says it will cut around 5000...
4. IT failures can be business perceived failures Daily Mail Barclays customers have been blocked from withdrawing cash...

Related posts brought to you by Yet Another Related Posts Plugin.