Absa spends Sh1bn on Covid layoffs



Business Daily | by Patrick Alushula


Absa Bank of Kenya last year spent Sh1.06 billion to lay off staff in the coronavirus environment, closing the year with a 161 drop in headcount.

It had 1,991 employees on its payroll from 2,152 in the previous year as it moved to deepen the switch to digital channels. Absa says that it took the opportunity of increased automation and improved digitization to simplify the structure of the business…

Read more…


LEAVE A REPLY

Please enter your comment!
Please enter your name here