Business
Ecobank, Enterprise Bank Retrench 2,000 Workers
The rank of unemployed Nigerians has swelled as Ecobank Nigeria and Enterprise Bank have retrenched a total of 2,000 workers.
The Tide source learnt in Lagos on Thursday that Enterprise Bank, one of the nationalised banks, sacked 150 workers between February 13 and 15.
In the same vein, Ecobank Nigeria, which recently acquired the troubled Oceanic Bank, retrenched 1,850 staff in what it termed the first phase of the bank’s repositioning exercise.
Mrs Olusola LongeOkenimkpe, the Head of Enterprise Bank’s Corporate Communication Department, said that the retrenchment affected those who performed below the satisfactory level and were given the option to resign.
Longe-Okenimkpe said, in the statement, that the workers who resigned would be paid all their entitlements.
“The new business model is not meant to reduce staff, but to expose underperformers who are contributing little or nothing to the bottom line,” she said.
The Managing Director of Ecobank Nigeria, Mr Jibril Aku, said that the bank would ensure that all disengaged staff were treated fairly and in line with industry practices.
“Our focus in the new enlarged Ecobank is to ensure a smooth integration of the two banks whilst working to improve the quality of service to our customers and our operational efficiency,” Aku said.
Meanwhile, a statement from Ecobank said that the bank had also promoted 1,000 workers.
The statement quoted Aku as saying that the promotion provided unique opportunity to 600 non-core staff to become permanent employees.
The managing director said that the bank would continue to acknowledge and reward exceptional performances.
Business
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
Business
President Tinubu Approves Extension Ban On Raw Shea Nut Export
Business
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
City Crime5 days ago
NCSU Hails Fubara Over 2025 New Telegraph Man Of The Year Award
-
Nation5 days ago
Nigeria Risks Drifting Without Strong Education Policies-Don
-
Nation5 days ago
Ex-UNIPORT SUG Leaders Organise Symposium In Honour Of VC
-
Nation5 days ago
Council Chairman Reconstitutes Revenue, Anti-Illegal Trading Committees To Boost IGR
-
Education4 days agoElga boss tasks law students on academics strides
-
News1 day agoAmend Constitution To Accommodate State Police, Tinubu Tells Senators
-
Politics1 day agoSenate Urges Tinubu To Sack CAC Boss
-
Business1 day ago
President Tinubu Extends Raw Shea Nuts Export Ban To 2027
