The Reserve Bank of Zimbabwe today laid off 1 455 workers to cut costs. The massive retrenchment will leave the bank with 493 workers and will cost $70 million. Each worker will initially be paid $5 000. The balance will be paid later.
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.