Japanese Bank Resona to Cut Headcount by 3,100 Over Three Years
The Resona Holdings Inc. logo is displayed at the company's offices in Tokyo.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Resona Holdings Inc. plans to trim headcount by about 3,100 staff, or almost 10% of its workforce, over three years as the Japanese bank seeks to cut costs to offset dwindling lending profits.
The Tokyo-based bank, which had 31,800 employees as of March, plans to make the reduction through natural attrition, according to a three-year business plan unveiled Tuesday. The company will hire fewer college graduates and has no plans to offer early retirement, a spokesman said.