Insurance jobs to be lost at ING Groep following massive quarterly profit dive

ING insurance businesses

The Dutch financial services company will lay off 2,350 employees after a Q3 slump of 64 percent. The largest Dutch financial services company, ING Groep, has announced that it will be slashing 2,350 employees from its rosters – 1,350 European insurance jobs, and 1,000 commercial banking positions – due to a slump in their profits from the third quarter of 64 percent. The company’s net income plummeted to €609 million, from having been €1.69 billion a year before. The lender, which is based in Amsterdam, released a banking and insurance…

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