Globacom on Friday sacked 54 of its power engineers across the country and gave no official reason for the action. According to Punchng,the affected workers received official notification from the company that it no longer needed their services. The notice of disengagement, it was gathered, also instructed them to submit their staff identification cards and […]
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Barring any last-minute change in plans, the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, will today (Thursday) meet with Managing Directors and Chief Executive Officers of all the Deposit Money Banks in the country. According to Punchng, The meeting, which is scheduled to hold at the headquarters of the apex bank in Abuja, […]
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The recent trend of retrenchment of workers in the financial services sector on Monday extended to Skye Bank Plc, which sent 175 of its employees into the labour market. According to Punchng, The bank confirmed the development in a statement through which it explained that the affected workers failed the year 2015 appraisal exercise. The […]
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Ecobank Nigeria Limited yesterday sacked 1,040 of its workforce, The Nation report. The 1,040, fell short of initial 1,400 slated for sack by management, following a review of the maiden list, a source said. Investigation revealed that the affected staff were those that achieved less than 40 per cent of their performance target, which have affected the […]
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Diamond Bank Plc has fired 200 members of its workforce as the economic challenges affecting the country continue to batter the financial services industry. This is coming two months after the bank announced that its profit before tax for the first quarter of this year fell to N6.04bn from the N7.94bn it recorded in the […]
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A restructuring exercise embarked upon by the management of NICON insurance Plc, has seen no fewer than twenty employees of the company have been laid-off. The restructuring exercise, it was learnt, was an attempt by the management of the firm to re-position it , and make it more competitive among its peers in the country. […]
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FEDERAL Government has promised not to cut down the number of employees of the Nigerian National Petroleum Corporation. This is coming as labour unions have threatened to storm Imo State today (Friday) for a mass action if the state government fails to reinstate the workers that it recently sacked. The Federal Government noted that instead […]
Read More NO fewer than 30,000 bureaux de change (BDC) workers are likely to be sacked within the first quarter of this year. About 200,000 workers are engaged in the sector. The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe said yesterday, that the planned downsizing followed the continued loss of business […]
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