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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