ING finalises outsourcing deal with Astron
ING Group announced today that it has reached a final agreement with Astron, an RR Donnelley company, for the processing of banking and insurance documents in the Netherlands and Belgium.
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The agreement follows the signing of the Memorandum of Understanding on 18 May 2006 and has a value of EUR 350 million based on a seven-year period. Approximately 750 employees in the Netherlands, Belgium and Poland will be transferred to Astron. The contract will take effect on 1 April 2007.
The agreement is the second outsourcing contract to be finalised within the Operations and IT efficiency programme that was announced on November 2, 2005.