Log In

Reset Password

Jobs cut at Capital G

First Prev 1 2 Next Last

Capital G has cut four jobs at the bank.

A bank spokesperson stated yesterday: “Capital G can confirm that it has recently made four positions redundant as part of its ongoing re-evaluation of its business in meeting its client needs and strategic objectives.”

The spokesman also confirmed that Capital G's senior vice president, head of personal and commercial banking Michael Veale was no longer with the bank.

Mr Veale was appointed to the role in 2010.

The most recent redundancies have been confirmed almost a year to the day since it was announced the last tranche of Capital G employees were made redundant. On October 11, 2012, it was reported that thirteen employees had lost their jobs, twelve of whom were Bermudian.

The bank said then that the decision was taken: “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.”

Capital G: Four positions made redundant
Capital G: Four positions made redundant (Photo by Glenn Tucker)

You must be Registered or to post comment or to vote.

Published October 10, 2013 at 4:36 pm (Updated October 11, 2013 at 5:35 pm)

Jobs cut at Capital G

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon