Netherlands: ABN Amro employees are worried about their future

Publication

21 September 2007 à 07h09

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2 minutes

Publication: 21 September 2007 à 07h09

Reading time: 2 minutes

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Gathered in an extraordinary general meeting on September 20 in Rotterdam, shareholders from the ABN Amro bank have been informed of the two buy-out offers upon the group and of the opinion of the secretary of the central works council and of the European works council. (Ref. 070774)
Publication

21 September 2007 à 07h09

Reading time

2 minutes

Publication: 21 September 2007 à 07h09

Reading time: 2 minutes

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Rijkman Groenink, the bank’s CEO, did not want to recommand any of the two buy-out options : Barclays’ seems better from a strategic point of view, but it is “too low” in terms of finances. The offer made by the Royal Banks of Scotland (RBS), the Belgian group Fortis and the Spanish bank Santander turns out to be more attractive in a financial aspect but could dismantle the group.

Employees like independence or Barclays better. Afterwards, employees presented their different points of view to

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