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VTB Group Optimizes Expenditures, Fires Employees

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  • VTB Group Optimizes Expenditures, Fires Employees

    VTB GROUP OPTIMIZES EXPENDITURES, FIRES EMPLOYEES

    /PanARMENIAN.Net/
    29.06.2009 19:15 GMT+04:00

    /PanARMENIAN.Net/ Thousands of VTB Group employees were transferred
    to another position or fired in the framework of optimization of
    expenditures program, VTB Bank financial director Nikolai Tsekhomsky
    said.

    "Besides, recruiting of personnel to VTB Capital subdivision was
    suspended," he said.

    For his part, President of the Bank Andrey Kostin said the Bank is
    likely to finish the fiscal year with losses, pleading deterioration
    of macroeconomic situation. He also said that the bank destines the
    income to create provisions.
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