Peter Mutasa, president of the Zimbabwe Congress of Trade Unions, said that the Bank started last year retrenching people. He also said that the government must have policies that compel employees to take care of employees upon retrenchment.
Mutasa also revealed that there are other companies and mines which are halting operations due to the current economic crisis.
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- Standard Chartered Bank considering shutting down branches in smaller towns
- Standard Chartered suspends use of Visa debit card outside Zimbabwe without “special consideration”
More: The Zimbabwean
