Russian central bank plans large job cuts

The Bank of Russia, the biggest employer among the world's central banks, will cut thousands of jobs in the coming year, a deputy chairman said on Friday 18 November.

"Seventy six thousand is too many employees and we plan to cut our staff by several thousand," the Bank of Russia's First Deputy Chairman Alexei Ulyukayev was quoted by Interfax news agency as telling a parliamentary committee.

According to figures published by Central Banking journal, the Bank of Russia employed 77,864 people in