Scotia Investments mum on staff cuts
SAVANNA-LA-MAR, Westmoreland – Scotia Investments Jamaica Ltd has announced structural changes but remains silent on whether it cut staff at its head office.
This comes amid the planned closure of its Savanna-la-Mar branch.
“In addition, we have made a number of other changes at our head office aimed at improving the efficiency levels of our core operations,” according to a statement in response to Jamaica Observer queries.
Last Friday, a key source at Scotia informed the Business Observer of staff cuts effective the final week in February. But head of Scotia Investments Lissant Mitchell would not confirm or deny that claim.
Last week Scotia Investments announced plans to close its Savanna-la-Mar branch. On Monday the Scotiabank release explained that the closure was “in keeping with our continued efforts to strategically realign our distribution network”. The statement also declined to state whether jobs were impacted.
