Royal Bank of Canada CEO pledges no job cuts in 2020 due to COVID-19

FILE PHOTO: Royal Bank of Canada CEO David McKay speaks with Reuters Editor-in-Chief Steve Adler at a Reuters Newsmaker event "Big Banks Embrace Tech" in Toronto, Ontario, Canada September 28, 2017. REUTERS/Gary He

TORONTO (Reuters) - Royal Bank of Canada will not cut jobs in 2020 as a result of coronavirus outbreak, Dave McKay, chief executive of Canada’s biggest lender said in an employee memo shared by the company.

“While we’re all living in stressful and uncertain times, we don’t want RBC employees to worry about their jobs,” McKay said in the memo. “That’s why our leadership team has committed there will be no job losses at RBC in 2020 as a result of COVID-19.”

Reporting by Nichola Saminather; Editing by Sandra Maler