German banking giant Deutsche Bank is set to slash additional 600 jobs at its Netherlands offices, DutchNews.nl has reported.

The redundancies represents nearly 40% of Deutsche Bank Nederland’s total workforce.

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According to the publication, most of the jobs are currently filled by former ABN Amro bankers, which was acuired by the German bank in 2010.

Two rounds of redundancies has already been carried out by the Deutsche Bank in its Dutch office network.

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