Monday, May 23, 2011

KCB restructuring worries employees as jobs are reduced

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In a bid to cut operational costs and return to profitability in all its branches in the East African region, Kenya Commercial Bank has launched a massive restructuring exercise. KCB Chief Executive Officer Martin Oduor-Otieno in a statement said, the restructuring exercise was launched in January this year.
Now all the bank’s senior managers with the exception of the CEO are expected to re-apply for their jobs under a new organisational structure that could see some of them relegated and

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