by GERALYN EDWARD
SCORES OF JOB LOSSES are in the offing when the Royal Bank of Canada (RBC) shuts two branches here.
The bank’s action is due to the consolidation of operations of the Upper Broad Street and Lower Broad Street branches, as well as of the Hastings and Lanterns [Mall] branches in Christ Church.
The bank did not say when the closures will take place and declined to state how many people it employed and how many will be cut.
“In both cases, the branches are in close proximity to each other and we do not expect any significant impact on our clients’ business with us,” the bank stated in a written response to questions posed by the SUNDAY SUN.
The bank, which has been operating in Barbados for more than 100 years, said: “While there will be impact to our staff at the four branches identified, all the branch teams have already been informed of the consolidations, and we have been working to manage this impact and achieve efficiencies through varying means”.
