Bangkok Post
SCB relying on attrition to reduce its headcount
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Siam Commercial Bank (SCB) has no plans to recruit new employees to replace staff leaving through attrition, targeting a workforce of around 15,000 employees by the end of next year.
Key facts
- Following a recent meeting between the bank's management and the SCB labour union, the bank expects its total workforce to decline to around 15,000 by 2027, according to a post on the union's Facebook page.
- Siam Commercial Bank (SCB) has no plans to recruit new employees to replace staff leaving through attrition, targeting a workforce of around 15,000 employees by the end of next year.
- We have maintained an attrition rate of more than 10% per year, and the level is expected to continue supporting the workforce plan,"
- According to SCB's 2025 annual report, the bank's total workforce declined to 17,945 employees, down from 19,378 in 2024 and 19,839 in 2023
Summary
Following a recent meeting between the bank's management and the SCB labour union, the bank expects its total workforce to decline to around 15,000 by 2027, according to a post on the union's Facebook page.
Arthid Nanthawithaya, chief executive of SCB X, the holding company of SCB, said the bank currently employs around 17,000 staff and is unlikely to hire additional employees to replace those leaving through turnover.