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Tripoli on brink of disaster as power outage fuels unrest in Lebanon

Tripoli on brink of disaster as power outage fuels unrest in Lebanon
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Reps consider prohibiting bankers from operating foreign accounts

Lebanese banks witness mass layoff

Lebanese banks witness mass layoff ​ By IANS | Published on ​ Sat, Mar 6 2021 10:12 IST | ​ 0 Views   BEIRUT, Jan. 15, 2020 (Xinhua) A bank s windows are smashed by protesters in Beirut, Lebanon, on Jan. 15, 2020. Around 47 Lebanese army members were injured in clashes with protesters on Tuesday evening near the Central Bank of Lebanon in Hamra in. Image Source: IANS News Beirut, March 6 : As the continuing economic crisis heightened by the Covid-19 pandemic was deepening, banks in Lebanon were witnessing mass layoffs. After an exodus of the US dollar and a sharp depreciation of the national currency, the Central Bank of Lebanon recently tightened regulations against the country s banks, which compelled some of them to close branches and lay off employees to stay afloat, reports Xinhua news agency.

Lebanese banks witness mass layoffs

Beirut: As the continuing economic crisis heightened by the Covid-19 pandemic was deepening, banks in Lebanon were witnessing mass layoffs. After an exodus of the US dollar and a sharp depreciation of the national currency, the Central Bank of Lebanon recently tightened regulations against the country s banks, which compelled some of them to close branches and lay off employees to stay afloat, reports Xinhua news agency. It s been a crazy week as our bank decided to lay off around 400 out of 2,000 employees amid the current banking crisis, a human resource officer at a bank in the capital Beirut told Xinhua on Friday.

Roundup: Lebanese banks witness mass layoff as financial crisis deepens - World News

Roundup: Lebanese banks witness mass layoff as financial crisis deepens - World News
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