ING Group NV, the Dutch bank, says it will cut 1,700 jobs, or 2.7 percent of its workforce, to cut costs.
An additional thousand jobs will be lost at external suppliers, the bank said in a statement Tuesday.
ING
said the cuts are part of a move to expand its digital banking
operations and jobs will be lost "at the headquarters of ING Retail
Banking and in the back offices, call centers and IT departments."
The
company will book a 320 million euro ($400 million) charge to cover
costs, and expects to save 270 million euros annually from 2017.
Earlier
this month, ING paid back the last of a 10 billion euro bailout it
received from the Dutch state during the financial crisis of 2008.
Read more: ING to cut 1,700 jobs, take $400 million charge
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