Capital G Bank Limited yesterday announced 13 redundancies.Twelve of the employees losing their jobs are Bermudians.The bank said the layoffs were “as a result of the identification of recent operational efficiencies and the need to meet the skill sets required in order for the bank to better achieve success in the future”.Before the job cuts Capital G employed 215 people, of whom more than 80 percent were Bermudian.Ian Truran, President and CEO of Capital G Bank Ltd and Capital G Trust Ltd said: “There is no doubt that today’s announcement is difficult for us as a bank which prides itself on strong family values.“We are not unlike other banks around the world which have realigned their resources to respond to the ever-changing global economic environment.“We have made every effort over the last several years to recruit, retain and develop Bermudian talent. Today’s redundancies were unfortunately a necessary step in Capital G’s continued growth as a financial institution.”Capital G said it had has extended certain benefits beyond statutory minimums and made every effort to offer employees information and advice which may assist in securing future employment.In addition, before making the redundancies, Capital G consulted with the Ministry of Economy, Trade and Industry and, as a result, the Department of Labour and Training will assist where possible in securing alternative employment for those affected.Patrice Minors, the Minister of Economy, Trade and Industry said: “I am disappointed to learn of the job loss, but I am confident in the Department’s ability to assist those affected. It is imperative that all unemployed persons are registered with the Department.”