How do Forum SA members feel about the retrenchments at Absa?
If what is being reported is true, the way in which Absa is conducting the retrenchments is truly scandalous.
It appears as if the rot has started since Booysen and his board sold out to Barclays. He and his deputies got R18.5mil each out of the deal and Bloody Mary was appointed @ R20 mil. How many jobs could have been saved with R75.5 mil plus the packages negotiated afterwards?
For more information and a video showing an interview with retrenched staff, go to