Employment News
Royal Bank of Canada Cuts Jobs in US Reorganization
By Erik Even | Dated: 06-09-2009
The Royal Bank of Canada, that nation’s largest lender by assets, has cut executive positions as it reorganizes its US operations.At least four senior employees were laid off.
Royal Bank’s international consumer banking unit, RBC Bank, is based in Raleigh, North Carolina. The unit is undertaking an 18-month reorganization, and hiring an new president, after four straight quarterly losses.
It has not announced additional job cuts.
The Royal Bank of Canada or Banque Royale du Canada is the largest financial institution in Canada, measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,000 employees worldwide. The company’s primary corporate offices are located in Toronto, Ontario, but it is officially headquartered in Montreal, Quebec. The bank was founded in 1864 in Halifax, Nova Scotia.
Career Connect (From our other career blogs):
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
I was facing the seven-year itch at my previous workplace. Thanks to EmploymentCrossing, I'm committed to a fantastic sales job in downtown Manhattan.
- Joseph L New York, NY
Sign Up now
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
