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Thursday, 30 October 2014

World Bank to cut 500 jobs in some units as part of revamp

World Bank President Jim Yong Kim speaks on a panel during the IMF-World Bank annual meetings in Washington By Anna Yukhananov WASHINGTON (Reuters) - The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees. The long-expected layoffs, along with budget cuts and internal reorganization, have sparked regular staff protests and fears of a broader revolt at a time when the bank is trying to ramp up its work in fighting the Ebola outbreak and other global challenges, and maintain its relevance. ...








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