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Mismanagement? ABSA bank sacks over 100 employees, expected to send more home

Mismanagement? ABSA bank sacks over 100 employees, expected to send more home
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ABSA bank sacks over 100 employees, expected to kick out 150 more to cut cost

ABSA bank sacks over 100 employees, expected to kick out 150 more to cut cost Struggling bank Absa Kenya (formerly Barclays) is on a retrenchment spree. According to sources, the bank plans to fire about 250 staff members in a cost-cutting drive but has so far retrenched 100 people. A foreigner by the name David Hardisty is the one leading the retrenchment and redundancy drive. Credible sources indicate that colleagues are in a panic mode as the South African lender seeks to erase the Barclays culture. “Some staff members were asked to take voluntary early retirement in November 2020. Others were issued with redundancy letters in January 2021”, said a source.

David Hardisty

Struggling bank Absa Kenya (formerly Barclays) is on a retrenchment spree. According to sources, the bank plans to fire about 250 staff members in a cost-cutting drive but has so far retrenched 100 people. A foreigner by the name David Hardisty is the one leading the retrenchment and redundancy drive. Credible sources indicate that colleagues […] Latest posts

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