Toronto: Bank of Nova Scotia will dismiss 3% of its employees and take a writedown on its investment in a Chinese bank in a broad restructuring that underscores new chief executive officer Scott Thomson’s focus on cutting costs.
It could also be sign that job cuts are coming at other Canadian lenders.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
