Close X
Thursday, October 3, 2024
ADVT 
National

Scotiabank Tells Employees That Some Regional Processing Offices To Close

Darpan News Desk The Canadian Press, 23 Oct, 2015 12:07 PM
    TORONTO — Scotiabank is telling employees to get ready for certain offices across the country to close over the next two years as it digitizes a number of functions related to processing documents.
     
    The bank says it will open two new hubs in the Toronto area with more advanced technology to handle those tasks.
     
    Scotiabank (TSX:BNS) says it will be working with employees at affected offices in other Canadian cities — including Vancouver, Calgary, Winnipeg, Ottawa and Halifax — to try to find new jobs for them within the bank, where possible.
     
    It will "provide other assistance as necessary" to employees who can't be reassigned, spokeswoman Diane Flanagan said in a telephone interview.
     
    Flanagan was unable to specify how many roles will be affected and said the information meetings held on Thursday were just one stage of the preparations for making the changes.
     
    The affected operations were initially built to serve a branch network that operated mostly with paper, performing functions such as processing documents related to opening new accounts and fulfilling loans.
     
    "We really don't have a sense of what the job impacts are right now because, where possible, we're going to try and find other work for them," Flanagan said during a telephone interview Friday.
     
    Globalnews.ca reported that nearly 400 people in Calgary were told about the downsizing plan and CBC said it was contacted by a Scotiabank employee who estimated 200 people in her region could be affected.
     
    The bank says that by digitizing the documentation functions and consolidating those roles at the two new hubs, it will speed up processing and turnaround times for clients.
     
    "As much as there may be impacts in some areas, and we recognize that's very difficult for those employees, we are continuing to grow in other areas," said Flanagan, noting that the bank plans to hire new staff to work at its "digital factory," which will launch next year.
     
    The bank announced plans for the digital factory last week. The facility will house more than 350 tech jobs, including user experience designers and data scientists, as the bank strives to meet customers' evolving needs for digital services.

    MORE National ARTICLES

    Lake Falling Off Cliff Due To Permafrost Melt New Northwest Territories Normal: Scientist

    Lake Falling Off Cliff Due To Permafrost Melt New Northwest Territories Normal: Scientist
    Some time in the next few months, a small northern lake will burst through the shrinking earthen rampart holding it back and fall off a cliff.

    Lake Falling Off Cliff Due To Permafrost Melt New Northwest Territories Normal: Scientist

    Victoria Police Spoke With Mother Of 19-Month-Old Child Found Dead In Hotel Room

    Victoria Police Spoke With Mother Of 19-Month-Old Child Found Dead In Hotel Room
    Police say the conversations took place after they received calls for service from citizens concerned about the woman's behaviour, including loud praying inside a Victoria mosque.

    Victoria Police Spoke With Mother Of 19-Month-Old Child Found Dead In Hotel Room

    Unreleased Report Has Concerns About Ski Development In Jasper National Park

    Unreleased Report Has Concerns About Ski Development In Jasper National Park
    Parks Canada has opened the door to ski hill expansion at one of its Rocky Mountain national parks despite its own research suggesting that further development would threaten a nearby caribou herd.

    Unreleased Report Has Concerns About Ski Development In Jasper National Park

    NDP Must Explain Why It Disagrees With Scoc On Quebec Independence: Justin Trudeau

    LAVAL, Que. — Liberal Leader Justin Trudeau says the NDP needs to explain to Canadians why it thinks Quebec should have an easier path to sovereignty than the one decided by the Supreme Court.

    NDP Must Explain Why It Disagrees With Scoc On Quebec Independence: Justin Trudeau

    Canada Seeks U.S. Assistance With Translating Documents In Chinese Spy Case

    Stacey Repas told a B.C. Supreme Court extradition hearing that the RCMP doesn't have the resources to translate more than 300,000 pages confiscated last year from Su Bin, an accused spy and Chinese citizen.

    Canada Seeks U.S. Assistance With Translating Documents In Chinese Spy Case

    Man, 24, Suspected Of Ramming Police Cars In Front Of Winnipeg Headquarters Charged

    Man, 24, Suspected Of Ramming Police Cars In Front Of Winnipeg Headquarters Charged
    The charges against Wayne Daniel Rennie include dangerous operation of a motor vehicle, mischief and two counts of assaulting a police officer with a weapon.

    Man, 24, Suspected Of Ramming Police Cars In Front Of Winnipeg Headquarters Charged