Bill Winters ‘Lower-Value Human’ Apology Not Enough for Unions

Bill Winters’ efforts to restore calm after making some controversial comments on AI have failed to reassure labor organizations, according to one of the world’s largest union federations.

The chief executive of Standard Chartered Plc has spent much of the week doing damage control, after he aired plans to replace some “lower-value human capital” with artificial intelligence. Winters has since apologized for his choice of words, while adding that the phrase was taken out of a wider, more nuanced context.

As CEO of StanChart, however, Winters “should remember that we are talking about thousands of people and families, ...