This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
BusinessLive writes that the future of more than 500 employees hangs in the balance as Standard Bank looks to revamp its IT division.
The bank indicated on Wednesday that it had concluded an IT review, which showed a need to adapt its operating model and skills set. "This process will result in 526 IT employees receiving section 189 notices, which will commence the consultative process with the employees involved," the company said. The jobs to be shed are in the traditional IT space, which would probably include people who work with legacy systems and old application programs that are being phased out. Most of the affected permanent staff hold executive and managerial positions and the final number will be determined once the consultative process is complete. The bank said the restructuring would create new capabilities, which should result in more than 180 "new-generation" IT positions in areas of cloud engineering, data science and analytics and cyber security, among others. Eugene Ebersohn of trade union Sasbo pointed out that as new roles would be created and some of the staff would be moved to other positions and branches, it looked as if only about 179 people could eventually end up without jobs. This exercise will be the second time in five years that Standard Bank has restructured its IT division.
- Read the full original report by Londiwe Buthelezi at BusinessLive
- Read too, Standard Bank to shed 500 jobs, on page 17 of Business Report of 15 November 2018
Get other news reports at the SA Labour News home page