Bank of Queensland Limited
(ASX:BOQ) has reportedly embarked on a revamp of its management structure that could see up to 100 jobs slashed by the end of the year.
According to Fairfax Media, a review of the bank’s management structure could be announced as soon as today, in an effort to reduce costs and boost productivity.
BOQ employs over 1400 people full time and the redundancies would reflect about 7 per cent of its total workforce.
Bank of Queensland reported a net loss of $90.6 million in the first half of the 2012 financial year.
