Monday, December 2, 2013

Enterprise Bank sacks 150 workers

Enterprise Bank Limited, one of the nationalised banks, has
retrenched about 150 workers.
Checks by theNews Agency of Nigeria on Monday showed that the affected
workers were part of the 250 employees nationwide pencilled down for
Sources close to the bank toldNANthat the sacking caught across all
units of the bank.
At some of the branches on the Lagos Island, workers who confirmed the
rationalisation, said that fear and apprehension had enveloped workers
in most of the branches.
He said that the bulk of them were living in fear as the management
could call on anybody to resign.
Efforts byNANto confirm the reasons for the retrenchment from the
banks' management proved abortive.
The Association of Senor Staff of Banks, Insurance and Financial
Institutions has confirmed the mass sack.
Mr. Emma Ilodianya, one of ASSBIFI secretaries, said that
fractionalisation of the union was affecting the urgent resolution of
the crisis in Enterprises Bank.
"The bank's workers belong to a faction of the ASSBIFI that is
affiliated to Trade Union Congress, while our own faction belongs to
the Nigeria Labour Congress.
"I can only confirm to you that 250 workers were sacked by the bank,
but we are not handling the issue from this end," Ilodianya said.,
One of the affected workers, who spoke toNANon the condition of
anonymity, said he was retrenched without any tangible reason.
He said that the management was sacrificing junior workers because of
their refusal to reduce their salaries.
NANreports that Enterprise Bank had on February 14, 2012, asked 150 of
its workers to resign or face sacking without any reason.
The Assets Management Corporation of Nigeria earlier in September,
2013 invited interested buyers to acquire 100 per cent stake in the

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