Butterfield axes jobs in Bermuda and Cayman Islands

Butterfield Bank is moving 22 jobs from Bermuda and Cayman to its support centre in Halifax, Canada, as part of a restructuring exercise to cut costs. The move affects 10 positions in Cayman and 12 jobs in Bermuda in the bank's card fraud department, middle office and call centre. Butterfield employees in Bermuda "were given advance notice that their positions will be moved in the coming months" and "Butterfield is working to find alternative roles within the Bank for impacted employees," a spokesperson said. Nine of the 10 positions affected in Cayman are held by Caymanians. As one o...