Standard Chartered To Close 7 Branches In Bid To Go Digital

By Farai Mudzingwa

Standard Chartered is set to close 7 branches around the country in a bid to cut costs and move to digital platforms. The closures are part of a move by Stanchart to centralise its operations.

The affected branches are yet to be specified, but the staff working at these branches will be retrenched. They will not be leaving empty handed though as one worker who claimed he would be affected told The Financial Gazette:

“We are going to be paid a fortnight’s salary for every year served as part our retrenchment package.”

Back in 2014 Stanchart also closed 6 branches in a …read more

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