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February-April 2021

ABN Amro to sell head office as it focuses on enabling remote working

ABN Amro is redesigning one of its facilities to support the increased adoption of remote working and help reduce energy consumption. The bank announced plans to cut 2,800 jobs – 15% of its workforce – sell off its headquarters in the Zuidas business district of Amsterdam and redevelop another office in the city to support remote working. As a result of the measures, ABN Amro is aiming to slash €700m from annual costs, which it predicts will be €4.7bn by 2024. Part of this will see the bank change the way it uses buildings. “We will redevelop one of our locations in Amsterdam into [an energy-efficient] workplace designed to facilitate the trend of remote working. Alongside this, we will sell our head office building and lease back part of it,” said the bank. ABN Amro is also continuing its digital transformation, according to its latest announcement, with plans for around 90% of high-volume processes to be digitised end-to-end by 2024. “We are a personal bank in the digital age, engraining the customer experience. We deliver a ...

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