By Andrei Skvarsky.
Sberbank, Russia’s biggest lender, plans to sack 30,000 employees or 12.5% of its personnel, thereby following other banks in Russia and worldwide in cutting jobs as the euro debt crisis deepens.
Sberbank chief executive German Gref told Prime Minister Vladimir Putin that the reason why the firm would slash its numbers to 210,000 from 240,000 was increasing computerisation.
Gref broke the news about the redundancy plan in hosting Putin at one of Sberbank’s offices. The premier attended the opening ceremony for a data processing unit into which Sberbank had put about $1.2bn.
Earlier, staff cuts were announced by VTB, Renaissance Group, Otkritie and Merrill Lynch.
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