Unions react to potential job losses at Standard Bank | IOL Business Report

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.

I have not been to a bank for over 2 years.

Employing somebody in this country is like marrying them. You struggle to get rid of useless people. Eventually you end up just paying retrenchment and doing with fewer people.

Nothing they can do. Thank you mylootinganc

These are the real victims of the forth industrial revolution. Most of what we once needed to do at the bank can be done with a simple unsophisticated app. Convenience for me and job less for someone else.

Unions need to be abolished. They're another factor killing the country.

They have been reacting what do they do ultimately? Nothing story ends up in the air..

Its UNIONS fault that Big Businesses are whitling their labour force... Too many strikes when it is not needed.

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Standard Bank to close 91 branches, thousands of jobs on the line | IOL Business ReportSouth Africa's Standard Bank today announced that about 1200 jobs will be on the line after it decided to close 91 of their branches. Competition and high bank charges won't help the situation either. I am a Standard Bank client of many years. I am so upset that branches are closing and jobs are being lost. I care more about people, families who will suffer despite your efforts to prepare them for other fields of employment. This is a deal breaker for me. The country is heading down the path of Venezuela, those that have the means should leave now, there is no hope for this Shithole, MYANC completely destroyed this country.
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