The Bankers Committee in Nigeria under the Chief Executives
of deposit money banks in Nigeria, have agreed to suspend the mass sack of
workers in the banking industry. This was part of its decision
taken at a
meeting held in Abuja yesterday June 9th.
Bola Adesola, the Managing Director/CEO of Standard
Chartered, Nigeria, while Speaking to newsmen after the meeting said that the
banks understood the economic implications of sacking anyone now and will
suspend their mass retrenchment plans but will not hesitate to fire any of its
worker who under-performs.
“We know what the situation is like in the country, so we
are looking of the ways of ensuring that we minimize any exits from our
institutions. There will always be exit as you know, there are issues of fraud
and scam but, as a matter of fact, is something that we discussed in the past
where the governor prevailed on the banks to minimize any exit from the
institutions. So we noted the market sentiments and I am sure, going forward,
it will be different. And, like I said, we must also recognize that there will
be reasons why people will leave and it is not only in the banking industry,
even the telecoms industry had this type of situation before. But it’s something
that we should manage''. She said.
