Heritage Bank is on a
mass retrenchment of its workers, 400 of whom lost their jobs in December. NAN said it conducted an investigation that indicated that
more workers were penciled for sack.
A top management source in the bank, who pleaded anonymity, said
the sack cut across the top, middle and low cadres.
He said the mass sack was creating apprehension and fear among the
remaining workers
The source said workers from the former Enterprise Bank were
afraid of being disengaged anytime.
The bank acquired Enterprise Bank with about N56 billion in
October 2014.
It embarked on the massive sack in spite of the directive of
Chris Ngige, minister of labour, to financial institutions to desist from the
sacking spree.
However, Fela Ibidapo, the bank’s head of corporate
communications, said the figures were incorrect.
Ibidapo said the mass sack was not limited to the bank but it cut
across all operators in the industry.
There have been reports of the bank’s financial instability, but
the financial institution dismissed them.
-TheCable
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