No mass layoffs for FCB

First Caribbean Bank (FCB) in Bridgetown, Barbados is denying reports that it\'s about to engage in mass lay-offs.



The Bank said while its not immune to the impact of the global economic downturn it is not about to make a large part of its workforce redundant.



However, head of internal and corporate communications Debra Johnson-King said First Caribbean is set to implement a long-discussed restructuring plan.



She said the restructuring will lead to redundancies but stressed that it will initially only affect consultants and contractors over the next 12-18 months.



First Caribbean is based in Barbados where it has about 700 employees.



It employs a further 3 500 workers across the Caribbean.