Fortis ASR, part of Belgian-Dutch insurer Fortis, has announced that 750 jobs will be lost across its Netherlands insurance businesses.

Fortis ASR revealed that 14% of the workforce in its insurance divisions would go over a three-year period. Fortis ASR is not related to Fortis insurance in the UK, which is currently engaged in a recruitment drive at its Gloucester and Eastleigh sites.

It is believed that most job losses will be through natural wastage rather than redundancies.

Fortis ASR Chairman Jacques van Ek said: "The effect of the persistent downturn in the Dutch economy on the results of the financial sector underlines yet again the need to cut costs.

"Our more focused strategy is on track, in which speeding up the synergy between group companies is a prime goal."

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