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04:13 AM
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Rabobank to cut nearly 3.000 jobs in comming years. Correction as much as 6.000 personel to be fired now.!!
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[quote:An Ordinary Greek 35313580:MV8yMTU0MDkzXzM2NDA5MDc5XzZEMzg1MjRD] No worries, if something goes bad, the Dutch government will bail out this bank too, wipe out junior debtholders, and... business as usual. [/quote]
Original Message
Rabobank, one of the only private banks left in the Netherlands is now going to cut nearly 3.000 jobs due to a 20% loss in profit.
[
link to www.thejakartapost.com
]
Thats what you get when you build a lot of new offices in places where only 5 cusomers a day show up but 10 to 20 people work there.
Shtf over here in the Netherlands, we are currently in a tripple-dip recession, yet the news keeps saying all is well, the economy is getting better people are buying more and real estate prices are rising again.
The lies keep on going and going..
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