Heritage Bank has dropped a bombshell on its workers as it sacks 400 with more of the workers to be sacked this new year.
Heritage Bank has embarked on mass retrenchment of its workers with
400 staff sacked in December. Investigations by the News Agency of
Nigeria (NAN) on Monday indicated that more workers are penciled for
sack.
NAN reports that the bank, in October 2014, acquired Enterprise
Bank with about N56 billion (281 million dollars). A top management
source in the bank, who pleaded anonymity, told NAN that the sack cut
across the top, middle and low cadres.
He said that the mass sack was creating apprehension and fears
among the remaining workers The source said that the remaining workers,
especially workers from the former Enterprise Bank, feared they could be
disengaged anytime. He said that workers from the former Enterprise
Bank were the most affected in the ongoing restructuring exercise
embarked on to improve the bank’s profitability.
NAN reports that the bank embarked on the massive sack in spite of
the Minister of Labour, Dr Chris Ngige’s directive to financial
institutions to desist from the sacking spree.
Mr Fela Ibidapo, the bank’s Head of Corporate Communications,
however, told NAN that the figures were not correct. Ibidapo said that
the mass sack was not limited to the bank as it cut across all operators
in the industry.
There have been media reports of the bank’s financial instability which the bank denied.
-NAN
No comments:
Post a Comment