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-   -   BMO job cuts have little to do with sky-high profits (https://forums.calgaryn.com/showthread.php?t=2070683)

news 12-05-2013 09:14 AM

BMO job cuts have little to do with sky-high profits
 
On the face of it, Bank of Montreal’s cutting of nearly 1,000 full-time positions in the fourth quarter of a year in which it made a record profit of $4.2 billion might come off as an unnecessarily cruel move, but some analysts say it's a predictable consequence of improved productivity and a stagnant economy.


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