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VTB Bank may reduce 10% of support personnel

VTB Bank may reduce 10% of support personnel

20 August 2011 10:10 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. VTB Bank may cut about 10 percent of its support personnel to focus more on business, APA reports quoting Vedomosti newspaper.

Those involved may include lawyers and back office staff, Moos said. He did not give the number of people considered to be support personnel or how many may be fired in September.

VTB will also merge corporate and investment units and hire some foreign managers, the report said.

VTB Bank had total of 13,132 employees as of July 31.

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