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Absa: No mass IT retrenchment programme in place

Amid rumours about possible retrenchments in Absa’s IT division, Maria Ramos, Group CEO, said on Friday that the company does not have a mass retrenchment process going on. “We are focused on efficiencies. This does mean that sometimes if people can’t be relocated in the business there will be some exits. Most of the exits so far have been through natural attrition,” she said.