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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