Russia’s largest retail bank Sberbank is to reduce headcount by 25% - or 67,000 jobs by 2014.However, around 27,000 of the jobs will be axed by the end of 2009, said the bank.The bank, which is state-controlled, has been hit by the economic downturn and the cuts are part of a modernisation plan. Denis Bugrov, [...]
Russia’s biggest lender to axe 67,000 jobs
