STERLING Bank Plc has dismissed 400 workers in order to reduce overhead cost. Most of those sacked were staff of Legacy ETB that recently acquired by Sterling Bank..
There are speculations that another 150 will be laid off in coming weeks. The dismissed staff were sent home with 3 months ’ salary as severance
package.
MAINSTREET bank on the other hand dismissed 800 of its employees by denying them access to the company’s IT network with a promise to send their termination letters vis email.. The 800 were made up of 650 members of the Association
of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), a unit
of the Trade Union Congress of Nigeria (TUC).TUC has decided to take this up with Management of the bank as there was ongoing negotiations and a court injunction that prevents Mainstreet from terminating employees adn want the bank to maintain the status quo till the issues were resolved.
Na wao for naija o! U jst lay staff off like dt? :O
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