Dexia, the acquisitive Franco-Belgian banking group, is set to cut between 350 to 400 jobs from its Dutch operations.

A spokeswoman for the company said the staff cuts became necessary because of weak market conditions, and will affect equity-lead products in its financial products department, as well as the firm's retail services.

Dexia to cut up to 400 jobs in the Netherlands

Pirkko Juntunen

Dexia

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