-- Over 200 workers in Standard Chartered PLC's retail banking division in India have been laid off, Reuters reports Thursday, citing "a person familiar with the matter."

-- The move comes as customers increasingly use digital services, but none of the bank's branches in India will close, the report said.

-- The company said it is working to offer existing opportunities or severance to affected workers, the report said.

Full story: https://www.reuters.com/article/us-stanchart-india-redundancies/standard-chartered-axes-over-200-jobs-in-india-source-idUSKBN1OC2HI?il=0

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 13, 2018 13:45 ET (18:45 GMT)

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