Standard Chartered Bank denies claim of staff layoff

Standard Chartered Bank denies claim of staff layoff

- StanChart has refuted media reports suggesting they are closing three branches

- According to the bank, it is not laying off 600 workers like it's been peddled

Standard Chartered Bank Ghana has dismissed reports in the media suggesting a lay-off of over 600 workers in June 2019. 

The Bank also denied it is closing three of its branches.

In an interview with Joy News, Head, Retail Banking, Ghana and West Africa Henry Baye, said the bank was closing only two branches and this will not result in any layoffs.

Standard Chartered Bank denies claim of staff layoff
Standard Chartered Bank. Source:
Source: UGC

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He added that 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.”

“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,”Mr Baye added.

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A section of the media on Wednesday, April 17, 2019 reported 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.

But Mr. Baye has rejected the false claims, saying, “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.”

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