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.

Justmoney.co.za says:

The economy is tightening further, the banks are in trouble, and if you are not worried about your financial health, it's because you have already got it sorted. Use justmoney.co.za to plan your retirement, transfer your credit card balance and find the optimum savings account.

Recent Articles

Featured Pet insurance – affordable or a luxury?

Pet insurance is rising in popularity. But how does it work, and are premiums affordable for the average pet owner?

How to prepare your car for a long-distance trip

We consider preparations needed to undertake a long-distance road trip.

Should you take out a loan or rent-to-own?

We compare personal loans to new finance models that are emerging, such as rent-to-own, which offers the same solution in a different format.

Why "insurance fronting" for your children is a bad idea

We examine the consequences of “insurance fronting” for your children and investigate legal ways to decrease your children’s premiums in South Africa.


Latest Guide

Guide to debt rehabilitation solutions