StanChart shuts 2 branches; dismisses claim of staff layoffs

StanChart shuts 2 branches; dismisses claim of staff layoffs

Standard Chartered Bank Ghana has denied reports of preparing to lay-off over 600 workers in June 2019.

The Bank has also refuted media reports suggesting they are closing three branches which is the reason for the workers being sent home.

In an interview with JoyBusiness the Head, Retail Banking, Ghana and West Africa Henry Baye, said the total number of retail staff of the bank falls far below the 600 staff that is being speculated.

“It’s surprising to know that a branch building of a bank can contain 300 people, this is just not possible. The whole of the retail banking in Ghana put together, the staff is not up to 600 so the maths does not add up.”

Mr Baye added, “Anytime we are to close a branch, we do that with a clear principle to redeploy or resign these staff from the branches we are to close.

And in this situation, we are doing the same. As a bank, we are committed to ensuring staff are comfortable and their wellbeing is taken care off. It is, therefore, wrong for anyone to link the closure of a branch to staff going home.”

There has been speculation that over 600 workers of Standard Chartered Bank in Ghana are set to lose their jobs in June as the bank closes three branches located at Tudu, Westlands and Taifa in Accra.

Media sources are alleged that staff have now been informed of the decision after it was kept from them for a long while.

The story further revealed that the branches are being closed because management has introduced a new technology that is capable of doing their jobs in the respective branches while conversations were underway to duly compensate the affected staff.

But Mr Baye who rejected these claims said, “right now there are only two branches that we are in the process of closing and we have sent notices to our clients and that is no secret. And these branches are Westlands and Tudu and let me quickly make this very clear that we don’t have any branch at Taifa at all.”

He added, “Even though most of the business of the bank is becoming digital we also keep training the staff on current developments in other for them to become relevant in the organisation.” Digital Bank on mobile Standard Chartered Bank on Friday, February 22, 2019, announced the official launch of a full Digital Bank on mobile – Standard […]

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