SUBSCRIBE: Newsletter

Human Resources



CIMB bank singapore

CIMB cuts 65 jobs across Singapore, Hong Kong, India

Back in Hong Kong for its fourth year on September 5 at the Hotel ICON, Learning and Development Asia is bigger and better than ever before and earned its reputation as the most influential L&D strategy event in Asia.
Book your tickets now!
Contact us now for an amazing group discount

After closing its offices in Australia following a strategic review last month, CIMB has announced 15 job cuts in Singapore, in addition to the 50 jobs cut across the region last week.

When contacted by Human Resources, sources in CIMB confirmed the layoffs, adding that, “Malaysia has not been impacted by job cuts.”

“The other countries with job cuts are Hong Kong, Taiwan, South Korea and India.”

The Australian offices in Sydney and Melbourne that were shut down in early February this year affected about 103 Australian staff, who will be offered support such as redeployment opportunities and outplacement support.

The office shutdowns followed an announcement where CIMB stated it was looking to reduce its Asia Pacific investment banking and equities operating cost by 30% in 2015.

Image: Shutterstock

HR Masterclass Series: High-level HR strategy training workshops
with topics ranging from Analytics, to HR Business Partnering, Coaching, Leadership, Agile Talent and more.
Review the 2019 masterclasses here »

Read More News

in All markets by

How to spot toxic employees

Spot these four types of people bringing negativity to the workplace before its too late and your office turns toxic...


Leave a Reply

You must be logged in to post a comment.