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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