StanChart's UAE unit cuts more than 100 retail jobs: sources - Reuters:
A unit of Standard Chartered (STAN.L) cut more than 100 jobs in its retail business in the United Arab Emirates (UAE) last month, sources familiar with the matter said.
Banks in the Gulf country are increasing digital banking operations and outsourcing back-office work to low-cost locations such as India.
Standard Chartered did not confirm the job cuts, but said in an email: “We are continuously reviewing our businesses and accelerating our shift toward digital and consumer preference.”
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