Standard Bank restructures IT roles
Standard Bank has denied a report that it is retrenching 148 information technology employees, saying it was restructuring IT roles in the group.
Responding to queries about a report that stated the banking group would be dismissing 148 IT employees, Standard Bank spokesman, Erik Larsen clarified the bank’s intentions.
“Standard Bank has undertaken a thorough review of its IT operations, which has revealed areas of inefficiencies and duplication.”
“In an effort to get greater levels of operational efficiency and to maximise effective service to our employees and customers, a decision has been made to reduce the number of internal IT support roles within Standard Bank IT.”
Standard Bank currently employs more than 4,000 IT professionals and has informed financial workers union, Sasbo, and the affected employees of the proposed restructuring of roles within the bank.
“Standard Bank has entered into consultations with Sasbo and employees to minimize and mitigate the effects of the restructure process,” the bank said.
All affected employees will have the opportunity of being redeployed elsewhere in the Standard Bank group, and will also receive assistance from Standard Bank in finding alternative employment, it said.
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