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Scotia announces global restructuring

SCOTIA HQ

THE management of Bank of Nova Scotia Jamaica (Scotiabank) is to meet Monday with the Bustamante Industrial Trade Union (BITU), which represents its clerical staff, to discuss plans for a global restructuring announced by the bank’s head office in Canada.

BITU president, Senator Kavan Gayle, told the Jamaica Observer yesterday that following the union’s request for a meeting to discuss issues raised by a report in the Canadian press about a US$451-million restructuring, including closures and job losses in the Caribbean, the management responded favourably.

Gayle said that the BITU has taken note that major banks in the region have started restructuring and outsourcing some services.

Published in the Jamaica Observer
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