Monday, 29 July 2019

Banco do Brasil (BBAS3) approves series of measures to reorganize the state-owned company

The Banco do Brasil announced today trials of measures aimed at reducing staffing. The institution's Board of Directors has approved a set of actions for institutional reorganization that should result in dismissals of employees.

The announced measures should completely resize the state's organizational structure at the strategic, tactical, support, and business levels. Meaning general management, superintendencies, regional bodies, and agencies.

The state company also announced the creation of an area focused on artificial intelligence and analytics. The bank also stated that it intends to transform 333 branches into Advanced Attendance Points (PAA), that is, increasing the automated attendance.

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