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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, October 27, 2016

National Bank announces restructuring, cutting jobs and moving staff

MONTREAL, National Bank of Canada announced a restructuring that will see 600 jobs cut over the next year and an additional 300 workers offered retirements or moved to other positions.

At the same time, the bank expects to fill 500 other positions over the same period, primarily in sales and service and information technology jobs.

National Bank (TSX:NA) says it will take a restructuring charge of about $128 million after taxes, or 38 cents per share, in the fourth quarter of its financial year ended Oct. 31.

The bank expects to realize roughly $120 million in annual pre-tax savings.

The company will report its full financial results on Dec. 2.

According to its most recent financial report, National Bank had 19,860 employees in Canada and 1,871 outside the country as of July 31.

"The shift to a digital economy offers tangible growth opportunities for National Bank, but requires us to remain agile and efficient in fully meeting client expectations,'' National Bank president and CEO Louis Vachon said Thursday.

MBN

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