Ecobank Nigeria justify sack of workers
(Nigeria) Ecobank Nigeria on Thursday said that the recent
reorganisation that affected some senior staff was designed to strengthen the
bank's business across all markets.
In a statement by the bank in Lagos, it said that the recent
restructuring came after a review of senior staff bench strength and industry
standards.
It explained that it was necessary for the bank to realign
its work force for better efficiency in line with best practices, adding that
those who were affected by the exercise were adequately compensated.
The statement said that the bank was committed to cost
efficiency and investment in key initiatives in its transactions, banking,
cards and e-banking businesses.
It stated that the bank would continue to simplify its
operations to better serve customers to be ahead of the competition in the
industry.
"The bank only recently promoted 300 staff,
representing 10 per cent of the employees based on the bank’s commitment to
recognising and rewarding excellence and exceptional performance," it
said.
The statement said that the bank had commenced a selection
process of converting qualified non-core staff to permanent staff.
Ecobank recently sacked about 50 senior staff to reduce
cost. The sack affected general managers, among others.
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