Dutch ING slashes jobs after profits drop The biggest Dutch financial-services company ING Groep is to shed 2,350 jobs in its banking and insurance units after seeing a 64 per cent drop in third quarter profits. ING is looking to sell its insurance operations by the end of 2013 after the company received a 10 billion-euro government bailout in 2008. The job cuts look likely to save the group some 460 million euros by 2015. ING has been raising funds by selling off its Canadian online bank as well as its stake in US lender Capital One Financial Group it has also off loaded 3 billion euros of assets in Asia. ING has already returned 7 billion euros back to the Dutch government plus two billion in interest and premiums. More about: Banking, Jobs, Netherlands, Sweden, Telecommunication