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                    [ArticleID] => 98073
                    [Title] => Bank mergers cause massive retrenchments
                    [Summary] => The Department of Labor and Employment (DOLE) expressed alarm yesterday over massive retrenchments resulting from bank mergers for the first nine months of the year.


Labor Secretary Bienvenido Laguesma said that from January to September, the banking sector has recorded a total layoff of 4,729 workers, the highest so far in the industry.


Among the banks that have merged with other financial institutions were Solid Bank, Equitable PCI Bank, and Rizal Banking Corp. Solid Bank alone accounted for 1,924 retrenched workers.


                    [DatePublished] => 2000-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097338
                    [AuthorName] =>  Mayen Jaymalin
                    [SectionName] => Business
                    [SectionUrl] => business
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RIZAL BANKING CORP

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                    [ArticleID] => 98073
                    [Title] => Bank mergers cause massive retrenchments
                    [Summary] => The Department of Labor and Employment (DOLE) expressed alarm yesterday over massive retrenchments resulting from bank mergers for the first nine months of the year.


Labor Secretary Bienvenido Laguesma said that from January to September, the banking sector has recorded a total layoff of 4,729 workers, the highest so far in the industry.


Among the banks that have merged with other financial institutions were Solid Bank, Equitable PCI Bank, and Rizal Banking Corp. Solid Bank alone accounted for 1,924 retrenched workers.


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Mayen Jaymalin
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abtest

Bank mergers cause massive retrenchments

By Mayen Jaymalin | December 2, 2000 - 12:00am

The Department of Labor and Employment (DOLE) expressed alarm yesterday over massive retrenchments resulting from bank mergers for the first nine months of the year. Labor Secretary Bienvenido Laguesma said that...

Business