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Bloomberg TV

ABN Amro Plans to Reduce Workforce by 15% in Cost-Cutting Plan

Nov.30 — ABN Amro Bank NV Chief Financial Officer Clifford Abrahams discusses job cuts, dividends and Basel 4 regulations. The Dutch lender plans to cut its workforce by 15% over four years as it targets 700 million euros ($840 million) of new savings by 2024. Abrahams, who leaves ABN Amro at the end of February to become CFO of Virgin Money UK Plc, speaks from Amsterdam on "Bloomberg Daybreak: Europe."

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