{"id":10400,"date":"2017-01-16T16:33:46","date_gmt":"2017-01-16T15:33:46","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=10400"},"modified":"2017-01-16T16:33:46","modified_gmt":"2017-01-16T15:33:46","slug":"heritage-bank-sacks-400","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-sacks-400\/","title":{"rendered":"Heritage Bank sacks 400"},"content":{"rendered":"

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Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December.<\/span><\/p>\n

Investigations on Monday indicated that more workers are pencilled for sack.<\/span><\/p>\n

The bank, in October 2014, acquired Enterprise Bank with about N56bn ($281m).<\/span><\/p>\n

According agency report, a top management source in the bank, who pleaded anonymity, said that the sack cut across the top, middle and low cadres.<\/span><\/p>\n

He said that the mass sack was creating apprehension and fears among the remaining workers<\/span><\/p>\n

The source said that the remaining workers, especially workers from the former Enterprise Bank, feared they could be disengaged anytime.<\/span><\/p>

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He said that workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise embarked on to improve the bank\u2019s profitability.<\/span><\/p>\n

The bank embarked on the massive sack in spite of the Minister of Labour, Dr Chris Ngige\u2019s directive to financial institutions to desist from the sacking spree.<\/span><\/p>\n

The bank\u2019s Head of Corporate Communications, Mr Fela Ibidapo, however, said\u00a0that the figures were not correct.<\/span><\/p>\n

Ibidapo said that the mass sack was not limited to the bank as it cut across all operators in the industry.<\/span><\/p>\n

There have been media reports of the bank\u2019s financial instability which the bank denied.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations on Monday indicated that more workers are pencilled for sack. The bank, in October 2014, acquired Enterprise Bank with about N56bn ($281m). According agency report, a top management source in the bank, who pleaded anonymity, said that the …<\/p>\n","protected":false},"author":11,"featured_media":8805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[906],"coauthors":[2392,2393],"class_list":["post-10400","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-heritage-bank"],"yoast_head":"\nHeritage Bank sacks 400 - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-sacks-400\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Bank sacks 400 - National Wire\" \/>\n<meta property=\"og:description\" content=\"Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. 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