August 20, 2019 / 10:27 AM / a month ago

Banco do Brasil cuts workforce by 2,367

SAO PAULO, Aug 20 (Reuters) - Banco do Brasil has reduced its workforce by 2,367 people as part of a move to better allocate personnel at its branches and offices nationwide, the state-run lender said in a stock market filing on Tuesday.

The bank said annual savings from the cuts will be 490 million reais ($120.3 million) starting in 2020. The cost of the job losses is estimated at 260 million reais, the filing said. ($1 = 4.0747 reais) (Reporting by Ana Mano Editing by David Goodman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below