Netherlands Bank aims to cut costs by 10% with spending freeze
DNB 2030 programme will involve job losses, spokesperson says
The Netherlands Bank (DNB) is looking to streamline its operations by 10% by freezing its annual budget for the coming five years.
In a press release on November 17, the bank said its DNB 2030 programme would result in €60 million ($69.5 million) of savings. It also admitted that the plan would involve job losses.
While announcing the programme internally, DNB president Olaf Sleijpen had said the bank wanted to be “prepared for the future” while controlling costs, focusing more on its “core tasks”
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