Profits soar at troubled Barclays :: Mmegi Online

*Workers give Mpai ultimatum
Lower operating costs and reduced default rates on loans pushed Barclays Bank's profit before tax 26 percent higher to P331 million for the first six months of the year.

However, Managing Director Wilfred Mpai will have little to smile about as the bank plunges deeper into a salary dispute with employees.

Yesterday, the chairperson of the Botswana Bank Employees Union (BOBEU), Jason Chakalisa, said following the collapse of salary review negotiations with management that started in May and the latter's subsequent refusal to take the deadlock to arbitration, union members were ready to withdraw their labour. Mpai has 14 days to respond to a petition delivered to him yesterday. "Barclays' management declined to receive our petition last Friday, forcing us to post it by the normal mail," said Chakalisa.

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Profits soar at troubled Barclays

*Workers give Mpai ultimatum
Lower operating costs and reduced default rates on loans pushed Barclays Bank's profit before tax 26 percent higher to P331 million for the first six months of the year.

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Profits soar at troubled Barclays

*Workers give Mpai ultimatumLower operating costs and reduced default rates on loans pushed Barclays Bank's profit before tax 26 percent higher to P331 million for the first six months of the year.

*Workers give Mpai ultimatum
Lower operating costs and reduced default rates on loans pushed Barclays Bank's profit before tax 26 percent higher to P331 million for the first six months of the year.