Unions react to potential job losses at Standard Bank
JOHANNESBURG – Labour unions have reacted to news that Standard Bank plans to close down 91 branches across the country, which may result in 1 200 people losing their jobs.
“What is happening in the bank right now is of serious concern given our country’s high unemployment rate. Any job losses based on operational requirements will inadvertently suppress the sustainability and growth of our economy and this we cannot afford,” says Ebersohn. Standard Bank says the shift in customer behaviour means that its clients are using its branches less.
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