ZB moves to lay off excess staff

ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year.

In an undated letter seen by NewsDay Business, ZBFHL offered its employees a voluntary retrenchment.

The group said as it goes through changes, employees who felt uncomfortable and wished to pursue other interests were free to do so through the scheme.

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