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StanChart cuts jobs in United Arab Emirates - Metro US

StanChart cuts jobs in United Arab Emirates

People pass by the logo of Standard Chartered plc at the SIBOS banking and financial conference in Toronto

LONDON (Reuters) – Standard Chartered <STAN.L> is making some staff in its United Arab Emirates business redundant, a spokesman for the bank said on Wednesday.

“In line with our commitment to transforming the Bank and ensuring its future competitiveness, a number of roles are being made redundant,” the spokesman said.

Bloomberg News earlier reported the UAE job cuts, saying around 100 roles would go.

The StanChart spokesman did not comment on the number of people affected.

(Reporting By Lawrence White, Editing by Iain Withers)

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