DBS to move 35% of Singapore staff into new Changi complex by 2010

SINGAPORE: DBS will be shifting 35 per cent of its Singapore workforce into its new Asia Hub in the Changi Business Park by the first quarter of next year. The lender marked the completion of structural works on the new building on Wednesday.
The structural works are done for DBS’ new 340,000 square foot building at [...]

DBS starts to axe staff

IT WAS a day of tears, tension and disappointment at DBS Bank on Thursday as the first of hundreds of employees were told that they had been laid off.
It is unclear how many staff lost their jobs on Thursday but a DBS spokesperson said most of those earmarked to go will be told by Friday [...]

DBS: Most junior staff spared

DBS Bank has started to inform workers who will be laid off as part of the massive job cuts announced last Friday, but it said that younger employees will mostly escape the chop.
‘The staff will cut across different functions and ranks (but) staff in the junior ranks will be relatively less affected,’ said a bank [...]

DBS cuts 900 jobs, reports 38% fall in Q3 profit

SINGAPORE: Singapore’s DBS Group, Southeast Asia’s biggest bank by assets, said on Friday it would be laying off 900 staff to trim costs amid the global credit crisis. The bank also reported a drop in third quarter net profit.
Chief executive Richard Stanley said most of the cuts, which would be carried out at the end [...]