The management of Ecobank Nigeria has laid off 1040 of its staff. A source privy to the information in the bank says the job cut was initially pegged at 1400 but it was reviewed and brought down to 1040.
In a statement released by the bank's Managing Director, Charles Kie,he stated that certain jobs in the bank are being streamlined for a reduced number of people to do so as to bring about improved efficiency.
The statement in part reads; “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 who 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.”
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