The gale of
job losses being witnessed in the country due to the current economic hardship
has caught up with Ecobank Nigeria, which has sacked over 1,040 of its
employees.
The PUNCH
reported on Tuesday that Diamond Bank Plc sacked over 200 members of its
workforce, while FBN Holdings, the parent company of First Bank of Nigeria
Limited, recently said it would prune the number of its employees by 1,000.
Top
officials of the pan-African lender confirmed to our correspondents that the
initial list of those to be sacked had over 1,400, workers but was later reduced
to “a little above 1,000.”
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Ecobank
spokespersons declined to comment on the number of workers who were disengaged.
However, the
lender said in a statement that 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.
In line with
the recognition of excellence, the bank also said it had recently implemented a
merit-based pay increase for the top performers across all cadres.
The Managing
Director, Ecobank, Mr. Charles Kie, was quoted as saying that converting
qualified outsourced staff to permanent workers was in line with the bank’s
commitment to developing and growing talent by nurturing its people along their
career paths and giving them access to higher responsibilities.
He said the
bank was resolute that recognizing and rewarding excellence would drive its
goal of achieving exceptional performance in the industry.
Kie said,
“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 that 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
emphasised that the ETI was on a trajectory to achieve leadership and that the
Nigerian subsidiary remained one of Ecobank Transnational Incorporated’s major
