ALERT: StandardBank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank.
Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said on Thursday.
“This has not been an easy decision to make,” the bank, South Africa’s largest by assets, said in a statement, adding it would implement a “comprehensive exit package” that goes beyond the legal requirements.
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