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*Barclays Bank  employees to get 5 months salary as closing bonus*

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Workers at Barclays Bank Zimbabwe will receive a bonus of 5 months’ salary from Barclays Bank Plc. This will be a closing bonus from the British bank which sold its stake in Barclays Zimbabwe to Malawi’s First Merchant Bank. The bonus payment will cost Barclays Bank $2,6 million.

A source who spoke to Independent said:

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> Employees will get a five months’ salary closing bonus paid as a goodbye by Plc. This will cost the group £2 million which will obviously be taxed.

> The deal is now expected to be concluded formally in the coming month.

> Soon after concluding the transaction, several board changes will be announced which will also coincide with co-branding the business to Barclays-FMB.

More: Independent

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