Ecobank Nigeria claims it has not, as reported by some dailies, sacked members of its fully employed staff.
In a statement on Thursday, the bank said it only decided against renewing the contract of its third-party recruitment organizations and returned those categories of staff to the recruitment organizations.
It said the bank had put in place some palliatives to cushion the effects on the affected.
According to the bank, these include the payment of more than half a billion naira contract cessation packages through their employers as well as the chance provided to those with the necessary skills to apply to Ecobank Nigeria for permanent jobs.
It said the gesture demonstrated the concern and compassion of the bank for the staff concerned.
“In addition, the bank has offered them the opportunity to become Xpress point agents of Ecobank as a way of further providing them entrepreneurial and financial empowerment.
“May we state that Ecobank is not obligated to renew its contract with the service providers involved?
“As part of the bank’s business strategy, Ecobank Nigeria is investing in the employment of full-time graduates.
“Over 300 graduates are currently undergoing training at the bank’s state-of-the-art academy recently accredited by the Chartered Institute of Bankers of Nigeria.
“They are to be absorbed into the system at the end their training as permanent staff.”
The bank said it would continue to align its people’s structure, growth, appreciation, and benefits to place it as the industry’s best practice service model while providing superior customer service and network-wide experience. (NAN)