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Standard Chartered Bank Ghana has denied reports of preparing to lay-off over 600 workers in June 2019. 

The Bank has also refuted media reports suggesting they are closing three branches which is the reason for the workers being dismissed.

In a statement, the bank said it is “in the process of closing two of its branches, namely Tudu and Westlands, with a total headcount of twenty-seven (27)”, adding that: “All stakeholders have been duly notified”.

The rebuttal from Stanchat comes after it was speculated in the media that over 600 workers of Standard Chartered Bank in Ghana are set to lose their jobs in June as the bank closes three branches located at Tudu, Westlands and Taifa in Accra.

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Media sources are alleged that staff have now been informed of the decision after it was kept from them for a long while.

The story further revealed that the branches are being closed because management has introduced a new technology that is capable of doing their jobs in the respective branches while conversations were underway to duly compensate the affected staff.

However, the statement which rejected these claims said ” right now there are only two branches that we are in the process of closing and we have sent notices to our clients and it is no secret so far as stakeholders are concerned.

As with all branch closures, we will aim at redeploying as many of the impacted employees as possible”

StanChart is a leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.