Labour consultant Austin Gamey is confident the current crisis at Standard Chartered Bank Plc in the wake of a decision to lay off some workers would soon be fully resolved.
The Group recently announced that as part of efforts at improving its financial position, a global restructuring move will result in about 15,000 workers losing their jobs.
But unlike layoffs in other multinational companies were low-level workers get axed, Standard Chartered Plc has so far seen some top line managers around the world including Ghana losing their jobs – a situation which has seen some of the workers seek legal redress in respect of their severance packages, among others.
Mr Gamey is, however, optimistic the Bank is better placed to expertly manage the current crisis.
"I think they are handling it well, maybe there might be some mishap that might have led to it, but every employer has the right to sever the relationship with its people if along the line people are aggrieved and they want something done about it," Mr Gamey said.
He said it could be that the steps to be followed were not followed properly but he lauded how it has been handled so far by the bank so far and predict they will be out of the woods soon.
Latest Stories
-
Africa Development Council urges ECOWAS action amid Togo’s constitutional crisis
5 hours -
Situate power sector challenges within the context of the 4th Republic – Jantuah
6 hours -
Empowering Youth through IT Education: IT For Youth Ghana College leads the way
6 hours -
Trump criminal case: Full 12-person jury seated in Manhattan
6 hours -
Israel Gaza: US again warns against Rafah offensive
6 hours -
Man arrested in Poland over alleged Russia plot to kill Zelensky
6 hours -
Over 100 arrested as US college Gaza protest cleared
6 hours -
Justmoh Construction begins work on dualization of Takoradi-Agona Nkwanta road
7 hours -
MGL visits Dumor family following passing of Mawuena Trebarh
7 hours -
In Pursuit of Peace and Unity: Interfaith Leaders Promote Dialogue – Chief Doli-Wura to Africa Union
7 hours -
TEWU raises concern over quality of food served in SHS
8 hours -
Ghanaian students gear up for Robotics World Championship
9 hours -
Political interference makes public sector managers appear incompetent – Dr Manteaw
9 hours -
Police arrest truck driver alleged to have caused train crash
9 hours -
CAF Confederation Cup: Dreams FC depart to Cairo ahead of semis first leg against Zamalek
9 hours