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The sources said that the affected units were mainly supporting sections such as information and communications technology for companies, as well as the indexes of the suspended software conversion program and some units that are combined into restructuring.
The total number of affected people has not been revealed. The sources said that some departments lost up to 20 percent of their employees, while the most difficult team was reduced in half. The sources said that the wealth administration and other major growth areas will not be affected and instead it was the focus of expansion. The bank is currently employing about 100 vacancies.
The sources said that the demobilization operations were expected to continue in the next two months. The remaining employees must apply to their positions again, and compete with new external applicants.
Hang Seng Bank did not directly comment, but he said he usually reviewed and made amendments to his organization and departments to meet the needs of customers.
This includes the creation of new roles and the restructuring of the organization [and] The bank said in a Chinese statement: “The promotion of technical skills for employees to provide better service quality for customers.”
