'Standard Chartered to slash 1,000 jobs'

  • Standard Chartered bank may slash up to 1,000 senior jobs, media reports say.

    The move by the London-based firm is being carried out to cut costs. The bank said it had disclosed before that there would “be further personnel changes”.

    Standard Chartered said in a statement that it will have up to “25% fewer senior staff”. The bank has a total of about 88,000 people, up from some 44,000 employees in 2005.



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