Ecobank
Nigeria Limited has sacked 1,040 of its
workforce. The sack happened yesterday.
Reports
say that the affected staff were those that achieved less than 40 per cent of
their performance target, which have affected the lender’s overall
profitability in recent years.
The
downsizing, which cuts across all cadres of its workforce including junior,
middle and top management positions, is happening at a time majority of banks
are battling with poor profitability over harsh economic conditions and
heightened business risks from the
plunge
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