Its Confirmed Heritage Bank Tells Sacked 400 Staffs

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Heritage Bank had embarked on mass retrenchment of its workers with 400 staff sacked in December. Some workers who were promised that they would be recalled are now certain that their fate has been decided.

Investigations by the News Agency of Nigeria, NAN, on Monday indicated that more workers are penciled for sack.

NAN reports that the bank, in October 2014, acquired Enterprise Bank with about N56 billion ($281 million).

A top management source in the bank, who pleaded anonymity, said that the sack cut across the top, middle and low cadres.
He said that the mass sack was creating apprehension and fears among the remaining workers. The source said that the remaining workers, especially workers from the former Enterprise Bank, feared they could be disengaged anytime.

He said that workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise embarked on to improve the bank’s profitability. The bank embarked on the massive sack in spite of the Minister of Labour, Chris Ngige’s directive to financial institutions to desist from the sacking spree.

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