Absa has withdrawn the notices of retrenchment given to its IT employees, finance union Sasbo said on Monday. “In a letter to Sasbo, the bank advised it would withdraw the notices of retrenchment sent to IT staff today [Monday],” Sasbo assistant general
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Absa denied rumours on Thursday that it is planning mass retrenchments to cut costs. Employees affected by its restructuring process, were being given the opportunity to apply for positions across the group, it said. It was responding after Solidarity challenged Absa CEO Maria Ramos to confirm or deny rumours