ING Cutting 2,350 Jobs as Quarterly Profit Slides 64 Percent

International insurer reportedly plans to sell foreign units in Hong Kong, Thailand, Malaysia and China as well.

November 7, 2012

Maud van Gaal

ING Groep NV, the biggest Dutch financial-services company, will cut 2,350 jobs in its banking and insurance units after reporting a 64 percent slump in third- quarter profit.

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