
According to News Agency of Nigeria {NAN} though Heritage Bank has embarked on mass retrenchment of it workers with 400 staff sacked in December,recent reports said that the Bank have penciled down some more workers for sack.The bank acquired Enterprise Bank with about N56 billion {$281 million} in October 2014.A top management staff in the bank told NAN that the sack cuts across the top,middle and low cadres.He said the mass sack was creating apprehension and fears among the remaining staff.The management staff said the remaining workers,especially those from the former Enterprise Bank,feared they could be disengaged anytime.He said workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise designed to improve the bank's profitability.The bank's Head of Corporate Communications,Mr Fela Ibidapo told NAN that the figures were not correct.Ibidapo noted that the development was not limited to the bank,saying it cut across the industry.
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