The management of
Ecobank Nigeria has fired 1040 of its staff. A source in the bank says the job
cut was initially pegged at 1400 but it was reviewed down to 1040. A statement
by the bank's Managing Director, Charles Kie, states that certain jobs in the
bank are being streamlined for a reduced number of people to do so as to bring
about improved efficiency. The statement in part reads;
“The bank, in its
renewed drive for optimal performance, has in addition realigned certain roles
bank wide to ensure improved efficiency. This necessitates the exits of some
staff who were adequately compensated. This is in furtherance of a market
repositioning exercise designed to strengthen the bank’s business across all
markets where it operates.”he said
Diamond bank also
relieved 200 of its staff of their jobs recently.
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