Our preliminary research pointed to significant decline of workforce in Indonesian banks and financial institutions last year. Bank Danamon (BDMN), for example, cut its permanent employees by 2,322 or 7.26% to 29,628 people last year. Number of non-permanent employees also fell sharply by 5,287 or 43.8% to 6,782. So, Danamon, which is also parent of Adira Multifinance (ADMF), let go 7,609 workers last year alone.To subscribe please click here
