In a bid to save $19.36 million each year, Kenya's KCB Group, which also operates in five neighbouring countries, has announced plans to cut an unspecified number of jobs.
The lender said it has already offered employees voluntary early retirement.
Staff have a month to apply, and the group plans to complete the exercise in the middle of June.
KCB said the cuts would help it align its staff with a banking industry that had "been dimmed by legislative and regulatory reforms". It also said technological changes were now attracting non-traditional firms into the sector.
Comments
Post a Comment