Job cuts cost Stanbic $430m - NewsDay Zimbabwe

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Job cuts cost Stanbic $430m - NewsDay Zimbabwe

BY SHAME MAKOSHORI POST tax profits at Stanbic Bank slowed to $1,2 billion during the half year ended June 30, 2021 after expenses spiralled following a staff rationalisation programme, chairman Gregory Sebborn said on Friday. The Stanbic boss said job cuts had cost the bank $430 million, as COVID-19-induced hard lockdowns depressed the trading revenue […]

The post Job cuts cost Stanbic $430m appeared first on NewsDay Zimbabwe.

Source: NewsDay Zimbabwe - Everyday News for Everyday People

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