Abu Dhabi Islamic Bank Said to Cut More Than 200 Jobs in U.A.E. - Bloomberg

Abu Dhabi Islamic Bank Said to Cut More Than 200 Jobs in U.A.E. - Bloomberg:

"Abu Dhabi Islamic Bank PJSC, which bought Barclays Plc’s retail business in the United Arab Emirates, has cut more than 200 jobs over the past three months, according to three people with knowledge of the reductions.
The cuts were made mostly in the retail business, the people said, asking not to be identified because the information is private. About 100 people were dismissed last month, with the layoffs mostly affecting junior staff, one of the people said. A spokesman for the bank, which employs about 2,500 people across the country, said the the bank doesn’t comment on speculation and rumors."



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