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Banks around the world announce the dismissal of 50,000 employees since the beginning of 2019
16 August 2019 12:06 AM
16 August 2019 12:06 AM
Mubasher: Banks around the world have cut more than 48.5 thousand jobs since the beginning of this year, coinciding with a weak outlook on the economic situation.
A report published by the agency "Bloomberg" on Thursday, that the loss of jobs in banks around the world was led by European banks with the continued negative effects of negative interest rates on profits.
Deutsche Bank topped the list with a plan to cut 18,000 jobs, or nearly 20 percent of its workforce, until 2022.
The Spanish bank Santander has announced the dismissal of 5.4 thousand employees and the British banks "HSBC" and Barclays announced the reduction of 4 and 3 thousand jobs respectively.
UniCredit announced a cut of 10,000 jobs, according to the agency, which quoted figures familiar with the issue, noting that these numbers have not been included in the total to date.
The report said that the number of jobs cuts in the banking sector this year around the world is likely to be higher than this overall outcome as some banks have taken this step without disclosing the overall impact.
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