Where is Billy Guy Bhembe's company...? ikuphi..? Black Child is impossible this time'' Report Abuse
May 4, 2012
swona
mmmmmmmmmm! ABSA group just fired more than 1200 black people on their IT dept Report Abuse
May 4, 2012
swona
I really dont understand how did ABSA get to be norminated for the BEE Report Abuse
May 4, 2012
swona
Big four bank Absa is redeploying all 1 600 staff members in its group IT division, telling them to reapply for positions across the company's operations as it reorganises the department.
Absa, a majority-owned subsidiary of UK-based Barclays Bank, employs 36 535 permanent staff. It turned over R45.8 billion in the year to December and reported R9.7 billion in headline earnings.
Staff costs increased 9%, although the number of employees declined by 1 570, because of attrition and a “continued focus on automation and efficiency initiatives,” notes Absa's results booklet for the period.
Finance union Sasbo, which is embroiled in a wage dispute with the bank, says Absa's reorganisation of its entire IT department affects all 1 600 staff, who have to reapply for their posts.
Job security
DEVELOPING STORY
IT staff accuse Absa of
mass retrenchment plan
Sasbo assistant general secretary Comfort Duma says the bank is attempting to match skills and competences with its requirements. He says some of the staff members may be outsourced to partners.Absa is performing due diligence to work out whether it needs to outsource some of the positions based on its needs and current skills supply, notes Duma. He says the bank will have to consult with the union if it decides to move staff outside of the bank.
Absa spent R5.3 billion on technology last year, an increase on 2010's R5 billion. Of this, R2.24 billion was spent on IT, R1.1 billion was spent on staff costs, and another R983 million went on “other”, according to its latest results.
Duma says the bank has been in consultation with the union for the past few weeks, but it has guaranteed that no one would lose their jobs. He says no employees have been retrenched yet, but should that happen, Sasbo will take Absa head on.
Duma anticipates that the reorganisation will take about three months.
Cost focus
The bank says IT staff are being reassigned and given an opportunity to apply for positions within the group and on the continent. Absa has an 80% stake in Barclays Bank Mozambique, owns Absa Namibia and a 55% share in the Tanzania National Bank of Commerce.
The re-application for jobs is in line with its “programme of integration with the rest of Africa and the efficiencies that derive from this process,” it says.
Absa says the process “does not amount to retrenchments, as affected employees are given the opportunity to apply for positions across the group”. It says “through developments in technology and processes, we continuously seek to improve output while reducing duplication”.
In the results booklet for the year to December, CE Maria Ramos said efficiency was an ongoing priority and that the bank had kept cost growth in single digits.
The bank says it has consulted all “interested parties” and it strives to “ensure that our employees remain a key focus for the group”.
Related stories:
Absa forces suppliers to cut costs
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Facts!!! 1 comment collapsed Collapse Expand
And now? Insourcing 200 Gijima employees while the people on "garden leave" can still not apply for any vacancies within Absa? This makes no sense. Which Absa would be straight with their people. In todays Citizen all they could say regarding this was No comment, with Gijima saying they have signed a non desclosure document.......why????? if nothing funnny is going on?
A Like Reply 1 month ago 2 Likes F
Len 1 comment collapsed Collapse Expand
I had 3 friends in there, i know 1 has left before he was pushed and I'm worried about the other 2......becasue they are all in IT.....
most if not all these people are black! did Trevor Manuel norminate this company? Report Abuse
May 4, 2012
WebTeam
In answer to your questions, here's what the judges said about Absa -
"The ABSA Group is a level 3 BEE company that spends over R12 billion rand with BEE suppliers. It has established 12 small business enterprise development centres to offer black small and medium enterprises access to finance and has spent over R900 million rand funding the centres and advancing loans. That amount is almost 10 percent of net profit after tax. It also has a massive outreach programme that focuses on socio-economic development through its Absa Foundation. Its CSI spend increased to over 96 million in 2011. These are big numbers and show a commitment to funding empowerment that is organised, sustained and impressive." Report Abuse
May 4, 2012
KeRataBasadi
This is k@k, anyway, even if you become the biggest BEE recipient, Jessica Leandra dos Santos will still think and call you a K2ffir. Report Abuse
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Comments
GODESS
and BIDVEST?...Report Abuse
MORNACHIESS
k@k awards.....nxa votsssssssssssssseeeeeeeeeeeek !Report Abuse
SKIZOBANTWANA
Where is Billy Guy Bhembe's company...? ikuphi..? Black Child is impossible this time''Report Abuse
swona
mmmmmmmmmm! ABSA group just fired more than 1200 black people on their IT deptReport Abuse
swona
I really dont understand how did ABSA get to be norminated for the BEEReport Abuse
swona
Big four bank Absa is redeploying all 1 600 staff members in its group IT division, telling them to reapply for positions across the company's operations as it reorganises the department.Absa, a majority-owned subsidiary of UK-based Barclays Bank, employs 36 535 permanent staff. It turned over R45.8 billion in the year to December and reported R9.7 billion in headline earnings.
Staff costs increased 9%, although the number of employees declined by 1 570, because of attrition and a “continued focus on automation and efficiency initiatives,” notes Absa's results booklet for the period.
Finance union Sasbo, which is embroiled in a wage dispute with the bank, says Absa's reorganisation of its entire IT department affects all 1 600 staff, who have to reapply for their posts.
Job security
DEVELOPING STORY
IT staff accuse Absa of
mass retrenchment plan
Sasbo assistant general secretary Comfort Duma says the bank is attempting to match skills and competences with its requirements. He says some of the staff members may be outsourced to partners.Absa is performing due diligence to work out whether it needs to outsource some of the positions based on its needs and current skills supply, notes Duma. He says the bank will have to consult with the union if it decides to move staff outside of the bank.
Absa spent R5.3 billion on technology last year, an increase on 2010's R5 billion. Of this, R2.24 billion was spent on IT, R1.1 billion was spent on staff costs, and another R983 million went on “other”, according to its latest results.
Duma says the bank has been in consultation with the union for the past few weeks, but it has guaranteed that no one would lose their jobs. He says no employees have been retrenched yet, but should that happen, Sasbo will take Absa head on.
Duma anticipates that the reorganisation will take about three months.
Cost focus
The bank says IT staff are being reassigned and given an opportunity to apply for positions within the group and on the continent. Absa has an 80% stake in Barclays Bank Mozambique, owns Absa Namibia and a 55% share in the Tanzania National Bank of Commerce.
The re-application for jobs is in line with its “programme of integration with the rest of Africa and the efficiencies that derive from this process,” it says.
Absa says the process “does not amount to retrenchments, as affected employees are given the opportunity to apply for positions across the group”. It says “through developments in technology and processes, we continuously seek to improve output while reducing duplication”.
In the results booklet for the year to December, CE Maria Ramos said efficiency was an ongoing priority and that the bank had kept cost growth in single digits.
The bank says it has consulted all “interested parties” and it strives to “ensure that our employees remain a key focus for the group”.
Related stories:
Absa forces suppliers to cut costs
inShare1
Subscribe NOW! Essential Financial news filtered for you
--------------------------------------------------------------------------------
Disqus LoginAbout DisqusLike Dislike
1 person liked this. Glad you liked it. Would you like to share?
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Sort by popular now Sort by best rating Sort by newest first Sort by oldest first Showing 83 comments
Facts!!! 1 comment collapsed Collapse Expand
And now? Insourcing 200 Gijima employees while the people on "garden leave" can still not apply for any vacancies within Absa? This makes no sense. Which Absa would be straight with their people. In todays Citizen all they could say regarding this was No comment, with Gijima saying they have signed a non desclosure document.......why????? if nothing funnny is going on?
A Like Reply 1 month ago 2 Likes F
Len 1 comment collapsed Collapse Expand
I had 3 friends in there, i know 1 has left before he was pushed and I'm worried about the other 2......becasue they are all in IT.....
A Like Reply 2 months ago 0 Like F
Senior Developer 2 comments collapsed Collapse Expand
http://www.solidariteit-blog.c...
What was Cosatus involvement?
A Like Reply 2 months ago 0 Like F
Facts!!! 1 comment collapsed Collapse Expand
Nothing as far as I know, maybe if they were they people would have united by now.
A Like Reply 2 months ago in reply to Senior Developer 0 Like F
Ares187007 1 comment collapsed Collapse Expand
But look what they said one year ago.......
http://www.itweb.co.za/index.p...
A Like Reply 2 months ago 0 Like F
Report Abuse
swona
most if not all these people are black! did Trevor Manuel norminate this company?Report Abuse
WebTeam
In answer to your questions, here's what the judges said about Absa -"The ABSA Group is a level 3 BEE company that spends over R12 billion rand with BEE suppliers. It has established 12 small business enterprise development centres to offer black small and medium enterprises access to finance and has spent over R900 million rand funding the centres and advancing loans. That amount is almost 10 percent of net profit after tax. It also has a massive outreach programme that focuses on socio-economic development through its Absa Foundation. Its CSI spend increased to over 96 million in 2011. These are big numbers and show a commitment to funding empowerment that is organised, sustained and impressive."
Report Abuse
KeRataBasadi
This is k@k, anyway, even if you become the biggest BEE recipient, Jessica Leandra dos Santos will still think and call you a K2ffir.Report Abuse
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