Just last December, Heritage bank embarked on mass retrenchment when it sacked 400 staff and there are indications that more workers have been pencile
MD Heritage Bank, Ifie Sekibo
Just last December, Heritage bank embarked on mass retrenchment when it sacked 400 staff and there are indications that more workers have been penciled for sack this year.
A top management source in the bank said that the sack cuts across the top, middle and low cadres. He said that the mass sack was creating apprehension and fears among the remaining workers The source said that the remaining workers, especially workers from the former Enterprise Bank, feared they could be disengaged anytime. He said that workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise embarked on to improve the bank’s profitability.
However, the bank’s Head of Corporate Communications, Fela Ibidapo, has said that the mass sack was not limited to the bank as it cuts across all operators in the industry.
Heritage bank came into being when it acquired Enterprise bank in October 2014, with about N56bn ($281m).
There have been media reports of the bank’s financial instability which the bank has repeatedly denied.
The bank embarked on the massive sack in spite of the Minister of Labour, Dr Chris Ngige’s directive to financial institutions to desist from the sacking spree.
NAN
