This comes after the announcement that, as a result of the digitalization of the banking world, the bank will be closing branches and implement job cuts.
With 91 branches expected to close, a rough figure of 1200 employees will lose their source of income.

Standard Bank announced in a media statement, that they are aware of the sensitivity surrounding unemployment in South Africa and promised a “comprehensive exit package that exceeds legal requirements”.

After a media enquiry was made by www.mobserver.co.za, Mr Ross Linstrom from Standard Bank was hesitant to divulge any more information.

He explained that the bank is still in consultation with the staff and their landlords and that no more information will be handed out until the people being directly affected, have been informed.

Mr Linstrom could also not provide a date as to when the public will be informed on which branches will be affected.

Also read:

Parents frustrated by a lack of space in Middelburg schools

Traffic officers to appear in court for corruption

#TrafficAlert: Two dead in Kranspoort accidents

VIDEO: Two perish after truck jack-knifes

Want breaking news on the go?

• Save our standby number (072 248 3855) and send us a WhatsApp message with the words “Add me” to be added to our broadcast list.

• Like us on Facebook, follow us on Twitter and Instagram.

• Subscribe to our YouTube channel.

• Click on the link to subscribe to our bi-weekly newsletter via email.

Have a news tip?

Contact our news room on our 24 hr standby number 072 248 3855, or send a mail to our editor tobie@mobserver.co.za