Barclays Bank has announced plans to close down 10 branches by the end of this year affecting an estimate of 100 employees as part of the organisation’s strategy to realign its geographical presence in the country.
The affected employees are those working at the organisation’s head office. The bank said interests of the affected employees would be looked after in accordance with the country’s laws and Barclays policies.
Currently, the bank has a network of 32 branches throughout the countrywide and, with this development the network will be reduced by 10 branches.
Barclays Bank Managing Director Kihara Maina said in a press statement released in Dar es Salaam yesterday that such a decision was geared towards ensuring that they delivered according to expectations.
“It is not a decision we are making lightly but we are aiming at improving our services, performance and meeting ambitious operational goals in Tanzania,” he said.
He said the decision would enable the bank to invest more effectively in opportunities as they presented themselves.
He said measures had been put in place to inform customers through various channels. He said they had put in place measures to minimise service disruptions.
Dedicated teams have been set up to address both employee and customer concerns. The bank has further stated that its customers will not be required to open new accounts as their existing accounts will be migrated to the remaining branches.
“Ensuring minimum inconveniences to our customers and affected employees is our priority and we have taken necessary steps internally to minimise any negative effect that changes like this can bring,” said Maina.