RBTT promise no staff cuts

The Royal Bank of Trinidad and Tobago (RBTT) and the Royal Bank of Canada (RBC) are promising that there will be no job cuts as a result of the proposed merger of the entities.



The merger will involve RBTT and RBC\'s Caribbean operations.



Executives from both organisations gave the assurance during a joint news conference in Trinidad, where they provided an update on the proposed transaction.



RBTT Group Chairman, Peter July said RBC\'s Caribbean operations would remain at the headquarters in Port of Spain, Trinidad.



The Group has 130 branch offices and will serve more than 1.6 million clients through 7,000 employees.



RBTT Group CEO, Suresh Sookoo will become CEO of RBC\'s Caribbean operations.



RBTT shareholders are to meet on March 26 to vote on the proposal.