Friday 12 July 2013
Diamond Bank Sacks Over 100 Workers
Posted on 14:44 by Unknown
Diamond Bank Plc this week sacked over 100 of its staff for performing below average in the bank’s yearly assessment test.
Those affected include those that have spent over 5 years with the bank and have been given their sack letters.
According to a source close to the bank, there was palpable tension and a brief stop of office activities at the headquarters of the Bank in Lagos where many of those affected were serving.
It was gathered that the financial institution's downsizing was necessitated due to low patronage, which the bank is experiencing in recent times.
It would be recalled that the bank in May, sacked over 200 staff, majorly contract staff including secretaries, drivers, office assistants, technical crew, among others. The bank currently employs over 7000 staff of which over 4000 of this number are contract staff, a source disclosed.
The bank also in 2012 laid off some of its staff classified as non-performers, while it increased its staff compensation scheme.
In an internal memo titled: “Review of Compensation Package and Consequence Management” addressed to all staff by its Human Capital Unit, the bank stated that in line with its organisational vision statement and the need to only retain the best people in the system, it had relieved some staff of their duties with immediate effect.
Source: National Mirror
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