Standard Chartered Laying Off 200 in India, Source Says -- Reuters

Date : 12/13/2018 @ 7:00PM
Source : Dow Jones News
Stock : Standard Chartered Plc (STAN)
Quote : 684.8  -1.8 (-0.26%) @ 12:40PM
Standard Chartered share price Chart

Standard Chartered Laying Off 200 in India, Source Says -- Reuters

Standard Chartered (LSE:STAN)
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-- 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:


Write to Stephen Nakrosis at


(END) Dow Jones Newswires

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

Copyright (c) 2018 Dow Jones & Company, Inc.
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