Banks can weather the storm � Union

Keabetswe
Keabetswe

Local commercial banks are positioned to turn things around for the better of their businesses without the need for headcount reductions, says the Botswana Bank Employees Union (BOBEU).

Speaking to Mmegi Business, BOBEU general secretary, Lebogang Keabetswe said while they believe they can collectively weather the storm in the banking sector with the dedication of the employees, some banks are already looking for an easier way out.

“They find reduction of headcount as essentially the easiest variable cost to get rid of,” she said.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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