Singapore's largest bank came under union criticism Saturday for

Mon, 24 Dec 2001

Singapore's largest bank came under union criticism Saturday for axing 435 employees right before the Christmas holiday. The National Trade Union Congress "is certainly disappointed that United Overseas Bank could not wait till after the festive season to retrench staff", deputy secretary general Matthias Yao said. The first round of staff cuts on Friday followed UOB's merger with Overseas Union Bank earlier this year. --DPA

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