Mosha
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Post by Mosha on Jun 2, 2018 21:14:25 GMT 7
Has anyone heard anything? My Mrs says there is some talk of branch closures, and layoffs on Thai TV
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smokie36
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Post by smokie36 on Jun 2, 2018 21:51:53 GMT 7
Which bank Mosha?
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smokie36
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Post by smokie36 on Jun 2, 2018 21:54:56 GMT 7
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mistermember
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Not all that is gold glitters.
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Post by mistermember on Jun 2, 2018 22:06:35 GMT 7
Very little reliable information available, since Thai Banks, real name Suzanna Wong, is still bound by a non-disclosure agreement.
Current accusations were delivered via her frequent co-star Fai Dang.
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Mosha
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Post by Mosha on Jun 3, 2018 5:29:25 GMT 7
She said it was most if not all. It seems to be the smaller provinces. Instead of a few Amphoes housing branches, centralise them to the main towns and cities.
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smokie36
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Post by smokie36 on Jun 3, 2018 5:31:04 GMT 7
She said it was most if not all. It seems to be the smaller provinces. Instead of a few Amphoes housing branches, centralise them to the main towns and cities. <iframe width="20.120000000000005" height="5.0800000000000125" style="position: absolute; width: 20.12px; height: 5.08px; z-index: -9999; border-style: none; left: 15px; top: -6px;" id="MoatPxIOPT0_6452673" scrolling="no"></iframe> <iframe width="20.120000000000005" height="5.0800000000000125" style="position: absolute; width: 20.12px; height: 5.08px; z-index: -9999; border-style: none; left: 950px; top: -6px;" id="MoatPxIOPT0_15301339" scrolling="no"></iframe> <iframe width="20.120000000000005" height="5.0800000000000125" style="position: absolute; width: 20.12px; height: 5.08px; z-index: -9999; border-style: none; left: 15px; top: 192px;" id="MoatPxIOPT0_65302472" scrolling="no"></iframe> <iframe width="20.120000000000005" height="5.0800000000000125" style="position: absolute; width: 20.12px; height: 5.08px; z-index: -9999; border-style: none; left: 950px; top: 192px;" id="MoatPxIOPT0_80380400" scrolling="no"></iframe> A worldwide phenomenon....not for the people but for the few...sad really.
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AyG
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Post by AyG on Jun 3, 2018 6:32:22 GMT 7
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Post by Fletchsmile on Jun 3, 2018 12:54:54 GMT 7
It's been a general trend of most Thai banks of not increasing or actually decreasing the number of branches. Two of the banks I previously worked at in Thailand had that as part of their strategy dating back some years. A third had a single location presence to start with. I recall there was one bank that said they had plans to increase their branch network as a general strategy and go against the flow, but can't recall which one off the top of my head.
Probably caught the headlines because of the number involved at that point in time. But it's generally an ongoing thing.
If we hit a major recession then I could see job losses, but without that it can generally be done with minimal job losses, natural attrition, relocation, redployment etc
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AyG
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Post by AyG on Jun 3, 2018 13:29:30 GMT 7
Just a bit more on SCB "SCB announced a major restructuring plan to reduce nearly half of its staff from 27,000 employees to 15,000, as well as reducing branches from 1,153 to 400 in three years." And on KTB "KTB has announced plans to scale back its existing 24,000 staff members by 30% in five years." www.bangkokpost.com/news/special-reports/1410518/banking-on-the-future
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Post by Soutpeel on Jun 3, 2018 13:57:08 GMT 7
Its ohe of the things that always struck me about Thailand over all these years.....the vast numbers of Banks/branches and ATMs they have there must be as many banks as there are 7/11's , even an advanced finanical hub like Singapore doesnt have numbers of bank branches and ATMs Thailand, ones doesnt have to look too hard or travel too far to find an ATM, where as in Singerpore one has to look, and find the right banks ATM in some cases... In Thailand i can use my Singapore Citibank card in just about any ATM in the country, but in Singapore i can only use a Citi ATM
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AyG
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Post by AyG on Jun 3, 2018 14:18:53 GMT 7
Its ohe of the things that always struck me about Thailand over all these years.....the vast numbers of Banks/branches and ATMs they have It's similar with department stores. Barely a handful of customers at a time, yet they manage to stay open. It really seems as if businesses here don't follow the normal laws of economics. It's not as if bank branches and department stores are similar to the small shops bought by men to keep their wives and mia nois occupied and which are never expected to run a profit.
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mistermember
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Not all that is gold glitters.
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Post by mistermember on Jun 3, 2018 16:59:55 GMT 7
Those poor, poor bankers. Gets me teary eyed just thinking about it. Yeah, that's the first thing I think about when I wake up each morning "God, I hope the bankers are all right." You're really pushing the envelope AyG. One day the forum hull will crack and we will all go down because you just had to fit one more thing in.
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