No plans for layoffs; HK$1.5 billion investment in Greater China to continue: OCBC’s Helen Wong
This is despite uncertainties stemming from US tariffs
Add BT as a preferred source
[SINGAPORE] OCBC has no plans to implement “major” layoffs despite macroeconomic uncertainties arising from US tariffs, said the bank’s group chief executive officer Helen Wong on Friday (May 16).
“We’re growing, so why would we be thinking about letting people go?” she said.
While there is always some “natural attrition” – which the bank may use to rebalance its workforce – Wong stressed that there are no plans for a “major change” in how OCBC hires and manages staff.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
