Barclays Africa Group may halve the number of top jobs at its South African retail and business bank as it reorganises after its British parent cut its stake, according to a person familiar with the matter. The Johannesburg-based lender started talks to consult executives on a plan that may result in the reduction of top management posts in the unit to 12 from 27 to flatten the company’s management structure, the person said, asking not to be identified because the matter is private. Once the consultation process is completed, the jobs will be advertised and executives who aren’t selected for the posts will be considered for employment elsewhere in the company, the person said. Barclays Africa is reverting to the Absa Group name and revamping its strategy after Barclays plc cut its controlling stake to below 15% to trim back its international operations. CEO Maria Ramos is embarking on a second round of top management changes after announcing in April that she is refocusing the comp...
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