| Updated Fri, April 21st 2017 at 09:23 GMT +3KCB Group announced that it is offering a voluntary buyout program for employees considering early retirement as the bank accelerates its transformation strategy. The employee buyout programme which was approved by the board of directors on Thursday and is expected to save an estimated Shs.2billion per annum and should recover buy out costs within a period of 18 months. Other benefits include loan rebates that will see 25 per cent of the outstanding staff loans balances paid off and the remainder to continue at staff rate for six months. “We understand that this is a big decision taken by our company, and one that will have an impact on some of our staffs’ personal lives,” said Mr. Oigara. “In line with this, we are offering comprehensive training workshops that will cover personal financial planning, entrepreneurship, business management and other important areas to employees who volunteer to ease the transition.”

Source: Standard Digital April 21, 2017 04:37 UTC