A PRIVATE bank is making staff redundant because of difficult market conditions.
In Jersey it is believed that six people working at Kleinwort Benson will be made redundant within the firm’s IT and UK mortgage sales departments. They will be among 30 jobs at the organisation going in Jersey, Guernsey and the UK when departments experiencing falling demand will be reduced in size.
But Kleinwort Benson (Channel Islands) managing director Angus Taylor (pictured) said that the company was making every effort to find new roles for the affected staff. ‘In terms of people in Jersey there are around six roles that are being removed,’ he said. ‘We are in the process of consultation with the individuals involved. We are looking for opportunities to redeploy them within the organisation if that is possible.’
Commenting on the reasons for the redundancies, Mr Taylor said: ‘In the face of current difficult market conditions we have scaled back in terms of some of our areas of business that are not seeing the same level of demand as we have seen previously.’