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Thursday, September 26, 2013

National Bank Plans 2,000 Voluntary Job Cuts

The National Bank of Greece, following the lead of Piraeus Bank, said it’s going to reduce its workforce through the voluntary departures of 2,000 employees in a bid to cut its operating costs and boost its profits even more, helped by the mere 0.10 percent interest rate it pays depositors while lending at far higher rates. […]

READ THE ORIGINAL POST AT greece.greekreporter.com