• Contact Us
  • About Us
Friday, May 26, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home Banking

Heritage Bank sacks 400 staff

metro by metro
January 16, 2017
in Banking
0
Heritage Bank

Heritage Bank

0
SHARES
0
VIEWS

Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December.

Investigations by the News Agency of Nigeria (NAN) on Monday indicated that more workers are penciled for sack.

Read Also

Fidelity Bank In Record 113% Profit Growth, Declares 50k Dividend For 2022 Financial Year

With Strong Net Interest Income, Access Holdings Plc Reports Gross Earnings Of ₦1.4Tn For FY 2022

NOVA Doubles Earnings For FY 2022, Reflecting Exceptional Service,  Innovative Offerings 

NAN reports that the bank, in October 2014, acquired Enterprise Bank with about N56 billion (281 million dollars).

A top management source in the bank, who pleaded anonymity, told NAN that the sack cut across the top, middle and low cadres.

He said that the mass sack was creating apprehension and fears among the remaining workers

The source said that the remaining workers, especially workers from the former Enterprise Bank, feared they could be disengaged anytime.

He said that workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise embarked on to improve the bank’s profitability.

NAN reports that the bank embarked on the massive sack in spite of the Minister of Labour, Dr Chris Ngige’s directive to financial institutions to desist from the sacking spree.

Mr Fela Ibidapo, the bank’s Head of Corporate Communications, however, told NAN that the figures were not correct.

Ibidapo said that the mass sack was not limited to the bank as it cut across all operators in the industry.

There have been media reports of the bank’s financial instability which the bank denied.

Tags: Heritage Bank
Previous Post

Inflation is out of CBN’s control – expert

Next Post

Controller decries awaiting trial cases

Related Posts

Fidelity Bank In Record 113% Profit Growth, Declares 50k Dividend For 2022 Financial Year
Banking

Fidelity Bank In Record 113% Profit Growth, Declares 50k Dividend For 2022 Financial Year

April 27, 2023
For Capital Needs Supplement, Access Holdings Injects $300m Into Access Bank
Banking

With Strong Net Interest Income, Access Holdings Plc Reports Gross Earnings Of ₦1.4Tn For FY 2022

April 20, 2023
NOVA Doubles Earnings For FY 2022, Reflecting Exceptional Service,  Innovative Offerings 
Banking

NOVA Doubles Earnings For FY 2022, Reflecting Exceptional Service,  Innovative Offerings 

April 19, 2023
For Capital Needs Supplement, Access Holdings Injects $300m Into Access Bank
Banking

For Capital Needs Supplement, Access Holdings Injects $300m Into Access Bank

April 5, 2023
Next Post

Controller decries awaiting trial cases

Drive For Better With Enhanced Quon: Safety Innovation That Puts People First

May 25, 2023
StepCraft Books Unveils ‘The Conversation’ For Family Issues

StepCraft Books Unveils ‘The Conversation’ For Family Issues

May 24, 2023

African Tech Leaders and Investors to Convene at Africa Tech Summit London

May 24, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version