Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

Japan’s MUFG bank plans more staff cuts, totalling 8,000 by 2023: Yomiuri

By Reuters
FILE PHOTO: People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo
0

TOKYO (Reuters) – The banking arm of Mitsubishi UFJ Financial Group Inc (T:8306)

is planning to reduce staffing levels by another 2,000 people by fiscal 2023, the Yomiuri daily reported on Sunday, highlighting its struggle to maintain profits amid ultra-low interest rates.

Japan’s largest lender by assets had announced in 2017 that it expected 6,000 job losses through attrition by fiscal 2023. The additional 2,000 would result from a reduction in the number of new recruits, the paper said.

Reuters
    You might also like More from author

    Leave A Reply

    Your email address will not be published.