Nedbank concludes staff rationalisation exercise

NEDBANK Zimbabwe Limited has concluded a staff rationalisation, with 36 managers exiting the bank following a review of its organisational structure. 

“Nedbank Zimbabwe Limited confirms that it has concluded a retrenchment exercise, effective 13 February 2026, following a review of its organisational structure and workforce requirements,” the bank said in a statement. 

The exercise, the bank said, was undertaken in line with the bank’s strategic workforce plan to enhance operational efficiency, streamline processes, and align skills to current and future business needs. The bank added that the decision was not driven  

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