Standard Bank to close 91 branches, thousands of jobs on the line
According to a statement issued by Standard Bank, a total of 91 branches will be closed as the bank decided to opt for a digital banking offering for consumers. "These changes will impact approximately 1200 jobs. However the actual number of employees who will ultimately exit the employ of Standard Bank SA could be lower, as new opportunities will become available in the new operating model," the bank said.
— HomeAffairsSA March 14, 2019 "We have also set aside funds to assist employees acquire new skills to improve their competitiveness in the labour market, as well as entrepreneurial training and financial assistance. This has not been an easy decision to make. We recognise that this is a very stressful time for everyone," the statement concluded.
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