Ecobank Nigeria Sacks Over 1000 Staff

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Ecobank Nigeria has rendered more than 1000 Nigerians jobless in a new shakeup by the company. Reports are that at least 1040 people were sacked by the Pan African Bank.

Ecobank in its defense says it had converted over 200 outsourced personnel to permanent employees as part of its drive to attract and reward talent, while also repositioning for improved efficiency.

A statement by the bank’s managing director, Charles Kie says, “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.” Temporary and permanent staff were affected by the shakeup.

Diamond Bank recently fired 200 staff and First Bank Nigeria Holdings has said it would reduce its workforce by 1000 in coming weeks.

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