Business

Hong Leong group downsizing workforce

Tough times: Hong Leong is not alone in announcing a downsizing of its workforce in recent times.

KUALA LUMPUR: Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd announced a mutual separation scheme (MSS) in a move to strengthen its operational efficiencies.

This will be the second time the Hong Leong group has announced a separation scheme for its staff in a span of about four years.

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