StanChart sends home 285 staff

StanChart Kenya CEO Lamin Manjang. FILE PHOTO | NMG

Standard Chartered Bank Kenya #ticker:SCBK terminated 285 employees last year at a cost of Sh173.1 million, marking the third consecutive staff cuts for the lender in as many years.

The bank disclosed the job cuts in its latest annual report, emphasising its strategy of entrenching use of technology to boost efficiency across its operations.

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