Post By Martin 0 Comments
May 2007 30

RBS Consortium meets Dutch Unions

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.

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