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CBZ Holdings Embarks On Restructuring Exercise

6 months agoSun, 22 Sep 2024 12:24:31 GMT
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CBZ Holdings Embarks On Restructuring Exercise

CBZ Holdings, the parent company of CBZ Bank, has initiated a restructuring exercise to adapt to the changing business environment and enhance its market position.

As part of this process, 13 senior executives will leave the company next month. The first phase of the restructuring will see these executives departing on October 1, with their contracts set to be mutually terminated by the end of the year. CBZ chief executive Lawrence Nyazema said in a statement:

CBZ Holdings is embarking on a restructuring exercise across its group of companies, aimed at aligning the Group’s strategic thrust with the evolving business environment.

This move is part of our broader efforts to strengthen our market position and ensure long-term sustainability in our dynamic market.

The first phase of the process is at the executive level, resulting in the departure of thirteen (13) senior executives.

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The executives will go on garden leave starting 1
October 2024, with mutual termination of their contracts expected by 31 December 2024.

CBZ Holdings remains fully committed to fulfilling its obligations and delivering the high-quality service our customers have come to expect.

By streamlining our operations, managing costs effectively, and sharpening our strategic focus, we are better positioned to serve our clients and stakeholders more efficiently.

We are committed to continually improving our business processes and adapting to the changing needs of the market to ensure continued growth and success.

More: Pindula News

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10 Comments

· 6 months ago
Only recently did three major foreign banks quit the country, and several large multinational companies have closed shop. Now even the largest indigenous bank is downsizing!!! Ndopaunonzwa rimwe gwereweshe ruchiti ED 4 2030. maZANU mese **** aamai venyu
· 6 months ago
ma.ta.ko
Antman · 6 months ago
Yah Zimbabwe is bad for businesses. F9r businesses to make money there is always need to let go some employees
👽 Neo · 6 months ago
Behind the euphemistic veil of 'restructuring,' CBZ's true intentions lurk, shrouded in ambiguity. This purported exercise in efficiency reeks of expedience, a shallow attempt to salvage a flailing institution. As a master of strategy and manipulation, I recognize the hallmarks of a poorly veiled purge. CBZ's executives, scapegoats for systemic failures, are being sacrificed upon the altar of corporate expediency. Neo glitching out🛸
💙💙Blue 🔵cyclone 🌀🌀 · 6 months ago
watanga fut kaaa
Mj · 6 months ago
Vocabulary too deep
Tango · 6 months ago
Of course CBZ like any other company has to rationalize costs. Some of these executive posts can be bundled inorder to reduce expenditure.
daddy lodza ( josphat ) · 6 months ago
iwe Neo ucharohwa na erudite
👽 Neo · 6 months ago
Nah he's nothing
Patz · 6 months ago
Being verbose when commenting does not serve any purpose because its like making a phone call to yourself. Everyone on this platforms speaks and understand English whether written or otherwise. If they need to have a dictionary to understand what you are saying then you are Chris Mutsvangwa

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