job shedding Archives | Jedidiah https://jedidiah.org.za/tag/job-shedding/ Raising a Standard of Excellence & Significance Thu, 22 Nov 2018 20:03:38 +0000 en-ZA hourly 1 4th Industrial Revolution https://jedidiah.org.za/economy/4th-industrial-revolution/ https://jedidiah.org.za/economy/4th-industrial-revolution/#respond Thu, 22 Nov 2018 19:50:42 +0000 http://jedidiah.org.za/?p=1020 Revolution Industrial Cars Manufacturing Machines Automation ProductionNews 24 recently reported about Standard Bank’s intention to lay off 528 employees. This huge lay off is the result of increased digitization and the use of artificial intelligence in the banking industry.

The trade unions are understandably highly upset, yet their spokesperson said that they realise that some jobs over time will disappear whilst new ones will be created. Unfortunately fewer jobs will be created than the ones being made redundant.

Fewer jobs

According to Standard Bank the 528 employees are welcome to apply for 349 existing and new ... continue reading

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