KUALA LUMPUR, July 23 The country's largest
bank union, National Union Bank Employees (NUBE), has voiced
concern about possible job losses from the "mega bank merger"
between CIMB, RHB Capital and Malaysia Building Society, urging
the central bank to come up with measures that could help
A merger will result in some job redundancy and closure of
branches. The magnitude of job cuts will depend on the merging
banks' policies and business plan going forward.
"It is disappointing that after the announcement, neither
the central bank nor any of the merging banks have come out with
clear guidelines or indication on how this situation will be
handled. It's surprising that the human relations departments
also do not know much about it," NUBE president told The
-The Malaysian Reserve
Malaysian auto group sees more new cars to be sold in
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for its accuracy.