Bank to slash jobs in Singapore and HK

Top execs at Japan’s largest financial firm is preparing to halve their Asian workforce

Bank to slash jobs in Singapore and HK

Mitsubishi UFJ Financial Group (MUFG) is preparing to halve its workforce in Singapore and Hong Kong.

The decision came from the top rank in Tokyo, reported Financial Times, with employees set to get notified next month. As many as 90 of the 180 investment banking staffers will be made redundant.

Discussions around cutting MUFG’s operations in London of 2,000 employees are also in the works, though details have not been finalised.

Recent articles & video

Has COVID-19 changed employees’ expectations of HR?

‘We are not returning to a pre-COVID world’

How to support mental health in COVID-19

How COVID-19 is accelerating hiring automation

Most Read Articles

This is the top employee benefit amid COVID-19

How technology can transform your employee experience

Fun Friday: 11 skills that make remote workers successful