SNS to cut 380 jobs; move to e-banking

SNS to cut 380 jobs; move to e-banking

Netherlands-based SNS Bank says it will axe around 380 jobs by 2010 under a restructuring programme that will see it focus on delivering services via the Internet.

The bank says the jobs - to go between this summer and the end of 2010 - will be cut through redeployment and natural turnover.

By 2010, all of SNS basic banking services in the Netherlands will be delivered over the Web, with more advisors in place to offer assistance on complex products.

Last year SNS realised savings of over EUR200,000 by migrating its transaction processing applications to an open source platform. The bank deployed its transaction and payments processing system - SNS Administration System (SAS) - on a JBoss Application Server supplied by open source outfit Red Hat.


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