AMSTERDAM — ABN Amro said Thursday that it plans to lay off 6,000 people from its consumer and commercial clients business unit in the Netherlands in the next three years.

The company, which is dealing with challenges from newcomers and niche players, eroding margins, and increasing differentiation of consumer behavior, said in a written statement Thursday that it “has decided to drastically review its client-service concept in order to provide better access to its services, products, and professional know how.”

ABN Amro estimates the annual savings from such a reduction would amount to about $361.9 million, as of 2004.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.