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RHB lets go of 1,812 staff, pays out RM309 million
October 27, 2015, Tuesday
KUALA LUMPUR: RHB Banking Group has accepted the application of 1,812 employees for its Career Transition Scheme (CTS) estimated at RM309 million.
This represents 11.8 per cent of the Group’s Malaysian workforce of 15,348 and 13.1 per cent of the Group’s permanent workforce of 13,787 in Malaysia.
The Group expects to achieve an annual personnel costs rationalization of approximately RM193 million. The scheme was open to its permanent workforce in Malaysia and completed on September 30, 2015.
“The CTS which is voluntary in nature was introduced as part of our rationalization exercise,” said Datuk Khairussaleh
Ramli, Group Managing Director for RHB Banking Group.
Khairussaleh said the rapid changes to the business environment has made it necessary for the Group to embark on our
transformation journey to implement our business strategies in order to ensure that the Group remains relevant, competitive and resilient.
“These strategies have inevitably had implications on our current level of human capital relative to our business
requirements.
“We would like to thank the outgoing employees for their contribution to the Group throughout the years. We
wish them all the best in their journey to take on new roles in their next career phase.”
Whilst the number of applications received was much bigger, the Group is only able to accept the applications
of 1,812 employees in view of the Group’s business requirements.
Employees, whose applications have been approved, will be released in batches between November this year to January 2016.
Read more: http://www.theborneopost.com/2015/10/27/rhb-lets-go-of-1812-staff-pays-out-rm309-million/#ixzz3ppDYuIHZ
gawat abah ko...... 
why buang? sebab proses automasi..... kerja boleh dibuat dgn guna mesin......
sudah sampai masa kita ikut sweden kerja 6 jam sehari? 
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Post time 28-10-2015 10:20 AM
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