UDB Scales Down Workforce Due To COVID-19 Effects

UDB Scales Down Workforce Due To COVID-19 Effects

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By Spy Uganda

As a way of operating optimally so as to mitigate adverse effects of the Coronavirus (COVID-19) pandemic on Uganda’s economy several companies are laying off workers, while others are reducing salaries to cut the wage bill.

The latest organisation to follow suit is Uganda Development Bank (UDB), which has since reduced their workforce to a ‘Skeletal team’ to not only decongest their offices but also enable the entity to operate efficiently.

A statement from UDB announcing a reduction of their workforce reads in part thus;

“Coronavirus (COVID-19) Communication Update

The spread of the novel Coronavirus (COVID-19) has proven to be a major challenge both here in Uganda and across the globe. Our employees’ safety is our first priority and we are paying close attention to developments as shared by the Ministry of Health as well as the directives issued by H.E. the President of Uganda to maintain compliance.

Ensuring Business Continuity is also of priority to UDB and in this regard, we wish to inform you of the following:

UDB shall have skeletal staff at the Head Office situated at Rwenzori Towers which will include members of the Investment Team who shall be in a position to provide you with whatever assistance you may require.

Should you wish to seek service at the Head Office, please note that Ministry of Health guidelines on Social Distancing have to be strictly adhered for both yours and our Staff’s safety.

Your respective Relationship Managers shall remain available on phone and email as has been the case.

We commit to you that Business shall be conducted and supported whether remotely or at our Head Office.

As is necessary at the moment, we shall continue to monitor the situation closely and should any adjustments be made to our current circumstances of operation, we shall update you accordingly.

Stay Safe and remain assured of our commitment to support you through this period of uncertainty.”

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