Over 200 staff of Enterprise Bank and Keystone Bank are
reported to have lost their jobs a few days to Christmas. This has been blamed
on the rationalization exercise recently carried out by both banks. On the 2nd
of December Enterprise bank issued a list comprising of 150 members of staff
that were affected by the rationalization exercise. According to the bank's
management, this was done in order to achieve effective service. Worst hit by
the retrenchment exercise are the Lagos Island branches of the bank. Spokesman
for the bank, Olusola Longe-Okenimkpe says the rationalization exercise was
carried out to identify resource optimization.
Keystone bank in November also carried out its own
rationalization exercise which left 52 Senior staff members without jobs.
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