October 27, 2016 / 12:17 PM / in a year

National Bank of Canada cuts 600 jobs, takes C$175 million charge

TORONTO, Oct 27 (Reuters) - National Bank of Canada said on Thursday it expects to take a charge of C$175 million in the fourth quarter relating to a restructuring which will see 600 staff depart.

The bank said the restructuring will result in C$120 million of annual savings.

Reporting by Matt Scuffham

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below