Banks cut 116 jobs in 2020

Digital pathways: Greater spread and adoption of digital banking is piling pressure on banking jobs PIC: INVESTOPEDIA.COM
Digital pathways: Greater spread and adoption of digital banking is piling pressure on banking jobs PIC: INVESTOPEDIA.COM

The country’s four biggest commercial banks cut 116 jobs in 2020, as increased automation and the use of digital channels impacted employment levels.

The latest Bank Supervisory Report issued by the Bank of Botswana this week shows 3,665 workers were employed by the four big banks at the end of 2020, compared to 3,781 at the end of 2019. The report indicates that Absa Botswana had the biggest drop in employment last year, with a decrease of 59 jobs, while First National Bank Botswana had a drop of 25. Standard Chartered Bank Botswana shed 19 jobs and Stanbic Bank Botswana’s staff complement dropped by 13.

First National Bank Botswana remained the largest bank in terms of employment with 1,375 employees, followed by Absa Botswana with 1,101 and Standard Chartered Bank Botswana with 632. Stanbic Bank Botswana had 557 workers by the end of 2020.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up