Zimbabwe to axe 74% of staff: reports


The Reserve Bank of Zimbabwe has announced plans to cut 74% of its work force in a restructuring effort.

Reuters, a newswire, on Tuesday reported that Gideon Gono, the governor of the central bank, told a parliamentary committee the central bank was looking at "retrenching 74% of [its] staff." At least 1,600 employees are expected to be laid off, according to the report.

In 2007, the central bank employed 1,360 staff. Representatives at the central bank could not be reached to verify the number

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: