Ecobank Nigeria on
Thursday said that the recent reorganisation that affected some senior staff
was designed to strengthen the bank's business across all markets.
This is contained in a
statement issued by the bank, the statement said that the recent restructuring
came after a review of senior staff bench strength and industry standards.
It explained that it
was necessary for the bank to realign its work force for better efficiency in
line with best practices, adding that those who were affected by the exercise
were adequately compensated.
The statement said
that the bank was committed to cost efficiency and investment in key
initiatives in its transactions, banking, cards and e-banking businesses.
It stated that the
bank would continue to simplify its operations to better serve customers to be
ahead of the competition in the industry.
"The bank only
recently promoted 300 staff, representing 10 per cent of the employees based on
the bank’s commitment to recognising and rewarding excellence and exceptional
performance," it said.
The statement said
that the bank had commenced a selection process of converting qualified
non-core staff to permanent staff.
Recall that Ecobank recently sacked about 50 senior
staff to reduce cost. The sack affected general managers, among others.
Credit: NAN
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