Julius Malema leader of the Economic Freedom Fighters reportedly urged Standard Bank an “ultimatum” to only fire non-black employees especially white.
“If Standard Bank want to retrench a thousand employees it is fine but no black person should be fired. Black unemployment is very unacceptable as it is and we wouldn’t like to add more to that. Black people are hit the worst by unemployment and white are hit the least so let’s try to create a balance”
This came after Standard Bank announced that about 1200 jobs will be on the line after it decided to close 91 of their branches.
According to a statement issued by Standard Bank, a total of 91 branches will be closed as the bank decided to opt for a digital banking offering for consumers.
The majority of the branches will be closed by June 2019, the statement read.
“These changes will impact approximately 1200 jobs. However the actual number of employees who will ultimately exit the employ of Standard Bank SA could be lower, as new opportunities will become available in the new operating model,” the bank said.
Standard Bank said it will provide a comprehensive exit package for their employees.
“We have also set aside funds to assist employees acquire new skills to improve their competitiveness in the labour market, as well as entrepreneurial training and financial assistance. This has not been an easy decision to make. We recognise that this is a very stressful time for everyone,” the statement concluded.
This news release does not necessarily reflect the opinion of SA-news.
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