BARCLAYS Bank Zambia has asked 141 managers to reapply for positions that have been merged, upgraded and downgraded while others have been completely done away with as part of a restructuring exercise.
Head of corporate affairs Webster Malido said in a statement yesterday that the newly-created positions would be advertised internally and all eligible employees would be at liberty to apply for the available roles.
[pullquote]“As a result, a total of 141 management positions will be impacted by the re-organisation. No unionised colleagues will be impacted in any way as a result of this exercise,” he said.[/pullquote]
Mr Malido said some roles and positions in the business would be impacted by way of being merged, upgraded, and downgraded while some would completely fall away.
“As a result, a total of 141 management positions will be impacted by the re-organisation. No unionised colleagues will be impacted in any way as a result of this exercise,” he said.
Notwithstanding the re-organisation, all employees in impacted roles remain bona fide employees of the bank until the outcome of interviews for the new roles.
He said employees who might opt not to take up any role in the new structure would be offered a voluntary separation scheme.
He said the transformation of the bank was aimed at attaining full potential in all sectors, particularly the consumer market for which it had successfully built the requisite platform.
Mr Malido said it was right that the bank re-organised the way it managed its business because it had changed the way it dealt with customers and employees.
He said the bank in the last few years had undergone transformation which had seen it grow from 17 branches in 2007 to 56 and from 25 automatic teller machines in 2007 to 151.
Mr Malido said the transformation had seen Barclays Bank Zambia double its employment rate to 1,200 employees to date from only 600 in 2006, making the bank one of the leading multinational employers in Zambia.
[ Times of Zambia ]
Problem with Barclays top brass is incoherent long term strategy. One minute they’re drastically downsizing, the nxt they’re hiring and expanding like mad! They can learn a thing or two from their friend’s @ StanChart who after downsizing many yrs ago, have maintained gradual but sustainable growth resulting in fantastic financial performance. It appears every new CEO @ Barclays comes in with his own crazy ideas resulting in an incoherent overall strategy. I won’t be surprised if the nxt CEO embarks on a crazy expansion 4yrs from now! I pity my brothers and sisters who will be downgraded and lose their perks as a result!
Webster Malido since when did you leave the Post? Congrats on your new job which has not be affected by the restructuring.
Guys get ready,there are bumper opportunities of managerial roles at BBZ…lol
# 2 Sharp Shooter
He left some 2 years ago, after discovering how double tongued Mmembe is.
Tutemba banking! Rubish
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=+++………………undecided bbz plc. malabishi
Barclays Zambia, one minute they are closing branches two minutes later they emback on an expansion programme!
our country is generally in a deep mess, noway for diaspora to come back home.
#1 that is a correct observation. The most radical CEO was the one who even closed off various branches and sold off the buildings, only for the next to open new branches from makeshift tuntemba-like buildings. The interesting thing is that successive BBZ CEOs are diametrically opposite in thinking and strategy, what some people in politics would call a perfect flip flop. I wonder how Barclays ensures that?
thats why its always best to be your own boss….graduates learn to start up your own businesses. Else you will always be beggars..
Please do not contribute if you cannot do so intelligently. Different times call for different strategies, so their is nothing wrong with the approach that Barclays is adopting – as long as thier board is satisfied that it creates the best platform for them to persue their strategic objectives as well as creating a long term value proposition for the customer.
It is because, and not inspite of, their strategy that Barclays is today the biggest bank in Zambia and it will continue to be for a long while to come.
having said that, its a bit shallow for some commentators to refer to “our country/economy” in the context of this article. Barclays is but a fraction of our contributors to our economic growth ( or lack of it come to think of it!)
COUNTRY-MEN…. HOW WILL SUCH DECISIONS FROM BARCLAYS EFFECTS OUR ZED MACROECONOMICS?…….JST WONDERLY IF THR ANY. …..CHEERS
senior citizen, you sound like u r the one who suggested this strategy to the board. Strategy is derived from a vision or mission statement. the same vision that brought the strategy to have 141 managers is the same mission that is having the posts scrapped – not possible.
This Bank is constantly experimenting. Its hard to keep up with them. remember they employed DSA(direct sales agents), extensively with long contracts that they terminated midway. other contracts were also terminated midway. remember they retrenched pipo in early 2000, and later offered contracts.
This mgt needs to mature and realise they are dealing with humans and not lab rats.
# 12 HNIC …nice comments…. i wonder hw these new CEO are (thy cum up with strange decisions at rersturants with gal freinds on thr sides.. en suddenly wanting 2 impliment thm) ..dnt if thy base it on family tree… or thr back grounds …. honestly nt sure…any happens pa – zed
HNIC, so by your understanding a board sets a mission statement, and from there the strategic objectives are derived??? Doesn’t seem logical to me, your mission statement should reflect your objectives and helps to communicate this to the public. But lets not digress… The objective of BBZ is to maximise profit, to grow their savings book balance, to grow their lending, and to improve their corporate image by engaging in ( or being seen to be) community social projects. I think they have ticked the boxes and their shareholders are very happy ( including other stakeholders such as ZRA and GRZ, Unions etc), hence them paying out bonuses, taxes etc. the rest is noise frankly.
Why does every important part of zed economy have a foreign hand?Foreign airlines,foreign bank is largest,zamtel is now “foreign”,foreign run mines and foreign supermarkets dominate zambia. It says alot about us and our lack of real stake in “our” economy.Other african countries have indegenous banks as their largest banks and barclays playing 2nd or 3rd.
Iwe Chi number 10; who told you that only those that can contribute inteligently should do so?. Ni abuse of freedom of speech iyo….
1,200 employees for 56 branches smacks of gross inefficiency and poor management of resources.
Marabishi!:-w
#12…Lab rats!!!!! kekekekeke
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