ING finalises outsourcing agreement with Astron
Amsterdam, 6 December 2006
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.
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.
ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in over 50 countries. With a diverse workforce of about 114.000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
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