Sacombank reduced approximately 2,600 employees in the first three months of the year, marking its largest organizational streamlining in recent years.
A seafood enterprise's inability to repay a 5,800 tael gold loan, taken out in 2009 when gold was 17 million dong per tael, has led Sacombank to struggle for years to recover the debt.
Technology and manufacturing companies are allowing employees to work from home or providing fuel subsidies to alleviate cost pressures amid soaring fuel prices.
Loic Faussier, former SeABank chief executive officer and senior advisor at LPBank, has been appointed Sacombank's deputy chief executive officer, effective 27/3.
Sacombank adopts a flexible work arrangement for its back-office staff, combining in-person and remote work to optimize operations and reduce energy consumption.
Sacombank implements a new organizational model with a vertical management structure, adjusting business resources and its operational network to enhance efficiency.
