Over 1500 Jobs Lost in Kenya's Banking Sector
According to a financial report released by Cytonn Investments, the staff were retrenched following closure of 39 bank branches across the country during the 2017 financial year. National Bank has laid off 150, Sidian Bank 108, First Community Bank 106 and NIC Bank 32 among others.
Nation, 16 April 2018
About 1,620 employees of listed banks in Kenya were retrenched in the past one year, a report has shown. Read more »
Capital FM, 16 April 2018
Kenyan Banks let go of 1,620 staff in 2017 as they took proactive measures aimed at increasing operational efficiency in response to a challenging operating environment. Read more »
300 people lost their jobs after StanChart moved some of its back-end operations to India.