Scotiabank’s response to HRMAB gaffe in Barbados Today’s Nov. 13 story

Scotiabank Barbados refers to a front page article by Barbados Today reporting the comments of Glenda Gilkes, the President of the Human Resource Management Association of Barbados who suggested that 200 employees of Scotiabank in Barbados may be affected by restructuring plans.

This number is purely speculative and not based on factual information. Citing unrealistic numbers can only cause unnecessary alarm.

Last week, Scotiabank announced there’d be approximately 35 branch closures across the Caribbean, or 10% of the branch network, over a 2 year period.

Where possible, the bank will manage these impacts through attrition and job placement, and when necessary, through severance packages. They're simply looking to streamline their operations as they fully intend to remain the leading bank in Barbados.

Where possible, the bank will manage these impacts through attrition and job placement, and when necessary, through severance packages. They’re simply looking to streamline their operations as they fully intend to remain the leading bank in Barbados.

At this stage, we do not have any details of the impact to Barbados and as we have more information, we will share details first with our employees and customers.

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