BOI closes international offices, cuts jobs: Examiner

Closes its Tokyo and Melbourne offices with the loss of 20 jobs and BIAM reduces staff numbers from 167 to 130.
examiner.ie/irishexaminer/pa … qqqx=1.asp

The BIAM staff are to be redeployed internally.

This follows an unsuccessful effort to sell BIAM.

My favourite quote from the BIAM briefing document was

:confused: :confused: :confused:

I think we should maintain a thread for the most oblique references to lay-offs or redeployments. :wink:

They must be countering the wrongsizing they’ve been engaged in to date.

Their business must have been too big… better make it smaller… so far they have been doing an excellent job of that.