Just In...

Tuesday, June 26, 2012

Sterling Bank Plc Sacks 400 Workers To Redue Overhead Cost

Sterling Bank Plc has sacked 400 workers in a systematic mass retrenchment aimed at reducing overhead cost.
Investigations showed that 97 per cent of the retrenched workers were former staff of Equatorial Trust Bank Ltd. acquired by Sterling.

A source close to the bank said that the mass sack, which started about three weeks ago would also affect another 150 workers because of the consolidation of the two banks. He said that workers were thrown into the nation’s saturated labour market with only three months’ salary as severance package.
An Executive Management staff, who wants to remain anonymous said that the retrenchment was their best option toward sustainable growth and return to profitability.
He said that the workers were only victims of the economy, adding that they had to relieve them of their jobs to grow the bank.

6 comments:

  1. If you are going for finest contents like myself, only go to see this website every day as it gives feature contents, thanks
    Here is my web-site ; renovation in orange county

    ReplyDelete
  2. What's up colleagues, how is everything, and what you wish for to say on the topic of this paragraph, in my view its truly amazing designed for me.
    Also see my web page :: anaheim drain cleaning

    ReplyDelete
  3. I go to see every day some blogs and blogs to read articles, except this
    webpage gives feature based posts.
    Here is my blog post - carpet cleaning in fullerton

    ReplyDelete
  4. This paragraph will assist the internet users for creating new weblog or even a weblog from start to end.
    Check out my web site Orange County ca carpet cleaners

    ReplyDelete
  5. I'm very pleased to find this great site. I need to to thank you for your time due to this wonderful read!! I definitely appreciated every bit of it and i also have you saved as a favorite to look at new things in your blog.
    My web site :: water heater repair in orange county

    ReplyDelete
  6. I like the valuable info you provide in your articles. I'll bookmark your blog and check again here frequently. I am quite sure I'll learn many new stuff right here!
    Best of luck for the next!
    Have a look at my homepage ; stomach pain after eating

    ReplyDelete

Shop Online From The Comfort Of Your Home Or Office By Clicking On This Banner

Welcome To Obehi Okoawo's Blog...We Love To Hear From You In The Comment Box Above, Thanks