U.A.E.’s Commercial Bank Plans to Cut Up to 18% of Its Workforce - Bloomberg:
Commercial Bank International PSC will trim as much as 18% of its workforce through a voluntary redundancy program as the United Arab Emirates lender withdraws from some business segments, people with knowledge of the plan said.
Between 80 to 100 people are expected to accept the offer, said the people, asking not to be identified because the information is private. The bank employs about 550 people across nine branches.
The Dubai-based firm, 40% owned by Qatar National Bank QPSC, plans to exit unsecured retail lending such as personal loans and will focus on affluent clients within consumer banking and its corporate-banking business, one of the people said. It is still early in the process and no timing has been set, one person said.
No comments:
Post a Comment