The future of traditional banking in South Africa is under the spotlight after Standard Bank announced it's closing 91 branches and cutting around 1,200 jobs.
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Standard Bank to cut around 1,200 jobs, close 91 branches in SAJob cuts are sensitive in SA, where unemployment stands at 27%, and the bank’s announcement comes on the back of plans to cut 526 jobs announced in November.
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Standard Bank to close 91 branches, thousands of jobs on the line | IOL Business ReportSouth Africa's Standard Bank today announced that about 1200 jobs will be on the line after it decided to close 91 of their branches.
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Standard Bank to cut thousands of jobsStandard Bank SA will also implement an exit package to assist affected employees.
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