VOL. XXXI
NO. 4
2-NOVEMBER-1987
Financial and Banking News
REGIONAL BANKING
Saudi International Sacks 10% of Workforce
The London-based consortium bank Saudi International Bank (SIB) has announcedthat 31 of its employees - equivalent to some 10% of its workforce - will bemade redundant as a result of a major strategic restructuring exercise whichwill, however, leave its highly-rated capital market division unscathed. Thebank has faced a bumpy ride in recent years, with two years of declining...
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