UOB laying off another 270
(Singapore) - United Overseas Bank (UOB), Singapore's biggest domestic lender, has dispensed with 270 workers in its final round of rationalisations post its acquisition of Overseas Union Bank (OUB).
This latest retrenchment has brought the total number of people released in the integration of the two banks to 1,643, lower than original expectations, with the Bank reportedly on track to achieving its savings goal of S$200 million to S$250 million in operating costs.
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