Feeds

ABN AMRO cuts 1,500 jobs

Outsourcers move in

Secure remote control for conventional and virtual desktops

ABN AMRO is slashing its IT headcount from 5,000 to 1,800 after signing a raft of outsourcing deals worth €1.8bn over five years.

The Dutch banking giant has struck deals with Infosys, IBM, Accenture, Tata Consultancy, and Patni.

While the consultants move in, internal IT staff will be moving out. Around 2,000 staff will shift to the services companies, mainly to IBM.However, that still means a total estimated staff reduction of around1,500 the bank confirmed. The original forecast was for 1,200 cuts.

Services companies were falling over themselves this morning to trumpet their just-signed outsourcing deals with ABN AMRO.

IBM seems to have grabbed the biggest chunk of business, revealing it has struck a five year €1.5bn deal to manage infrastructure services for the bank. This will include “the most extensive rollout of IBM’s… Universal Management Infrastructure.”

India’s Infosys announced it had inked a five year outsourcing deal to develop, support and enhance applications for the bank. Infosys says it has also secured the right to ~bit as a top five sevice provider for application development projects” at the bank.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.