Monday, June 4, 2007

ABN, bidders' unions discuss job cut threat

(Reuters) - Barclays and the RBS consortium are locked in a tussle for
what would be the biggest-ever bank takeover.




Barclays has said 23,600 jobs will be cut if it buys ABN,
including 10,800 positions moved to low-cost locations. The
total would represent almost 11 percent of the banks' combined
workforce of 217,000.


Read more at Reuters.com Mergers News

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