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ADIB cut 200 jobs in 3 months

ADIB cut 200 jobs in 3 months
Abu Dhabi Islamic Bank employs about 2,500 people - (Photo Credit: Arabianeye-Reuters)
Abu Dhabi Islamic Bank
ADIB
1.70% 48.42 0.81
ADIB
ADIB
-1.66% 20.12 -0.34

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has cut more than 200 jobs over the past three months, according to a recent report by Bloomberg.

The cuts were made mostly in the retail business. Around 100 employees were dismissed last month, with the layoffs mostly affecting the junior staff, in a bank that employs about 2,500 people across the UAE.

Bloomberg quoted a spokesman for ADIB saying that the bank doesn’t comment on speculations and rumors.