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FNB restructures staff

By Staff Writer

Jobs in the firing line as banks feel the pinch

By Ethel Hazelhurst
From Business Report

After announcements from two major financial institutions that they are shedding staff, a third plans to follow suit.

The home loans division of First National Bank (FNB) was planning to "reduce the layers of current management" after a decision to embark on "a significant restructure" to "reduce the extent of the bank's home loans product representation in the current seven regional offices around the country", it said yesterday.

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