The Bankers’ Committee, an umbrella body comprising the Central Bank of Nigeria, Deposit Money Banks (DMBs) and Discount Houses, have agreed to suspend the mass sack of workers in their industry.
This decision was taken at a meeting held yesterday in Abuja.
The Managing Director/CEO of Standard Chartered, Nigeria, Bola Adesola, speaking to newsmen after the meeting said that the banks understood the economic implications of sacking anyone now and will suspend their mass retrenchment plans but will not hesitate to fire any of its worker who under-performs.
“We know what the situation is like in the country, so we are looking of the ways of ensuring that we minimise any exits from our institutions. There will always be exit as you know, there are issues of fraud and scam but, as a matter of fact, is something that we discussed in the past where the governor prevailed on the banks to minimise any exit from the institutions.
So we noted the market sentiments and I am sure, going forward, it will be different. And, like I said, we must also recognise that there will be reasons why people will leave and it is not only in the banking industry, even the telecom industry had this type of situation before. But its something that we should manage.”