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Hundreds to lose jobs as Barclays shuts 7 branches

FRANCIS MULIJul 3, 20171.2k

The lender said the closure will not affect staff, but the massive closures are likely to lead to redundancies.

Barclays Bank of Kenya today said it is closing seven branches across the country in a move to cut cost. The lender said the closure will not affect staff, but the massive closures are likely to lead to redundancies.

“This is a consolidation move aimed at aligning our business to the current environment,” said Barclays Bank official. “No staff will be sent home in the move,” he added.

The bank said in a statement that its staff in Moi Avenue, Haile Salassie Branch, Waiyaki Way branch, Kawangware, Rahimtulla, Nakumatt Meru branch and Wundanyi branch will be redeployed based on available opportunities and available competency skills.

“We have briefed the impacted colleagues and human resource will help them make a smooth transition as the changes take effect,” said Mr Jeremy Awori, the bank’s Managing Director.

He said the bank is also in touch with customers whose accounts are domiciled in the affected branches or have transacted in any of the branches in the past one year. This will help redirect them to alternative service points.

Last month, the lender said it was rolling out a voluntary exit scheme that is open to all permanent employees. “This exercise will take place over a period of one month commencing June 19, this year and around 130 employees are expected to take up the offer.”

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Written by

FRANCIS MULI -

Editor and writer, Francis Muli has a passion for human interest stories. He holds a BSc in Communication and Journalism from Moi University and has worked for various organisations including Kenya Television Service. Email:[email protected]