B-M-O CUTS OVER 1800 JOBS

May 25, 2016

By Michael Kramer

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Just hours after announcing it had earned $973-million dollars in three months – the Bank of Montreal is slashing 18-hundred and 46 jobs.

The bank says it is cutting its workforce because consumers are shifting more of their banking online – and the bank is digitizing some of its processes.

B-M-O’s quarterly profit was down three per cent – from a year ago.

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