News: StanChart says has cut 2,000 jobs this year

Strategic HR

StanChart says has cut 2,000 jobs this year

According to a Zee News report, Standard Chartered has cut about 2,000 jobs across the bank in the past year and expects little change in the rest of 2013, marking the first time for many years it has cut staff as it tightens costs in the face of slowing growth.

According to a Zee News report, Standard Chartered has cut about 2,000 jobs across the bank in the past year and expects little change in the rest of 2013, marking the first time for many years it has cut staff as it tightens costs in the face of slowing growth.

The news credited to Reuters also quotes Finance Director, Richard Meddings as saying, "In the last year headcount has reduced by just under 2,000 ... we are managing attrition, we are tightening up in all areas of spend."

Standard Chartered has cut about 2,000 jobs across the bank in the past year and expects little change in the rest of 2013, marking the first time for many years it has cut staff as it tightens costs in the face of slowing growth, the report adds.

See the Zee News report here

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Topics: Strategic HR, #Updates, #Jobs, #Corporate

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