The committee, in a circular signed by Director, Financial Markets Department, CBN, Angela Sere-Ejembi, emphasized that all banks should send sample of Contract Letter issued to outsourced staff and SLA with the company being used to run outsourced staff.
It stated;
“Banks should note and be guided by the CBN circular in respect of laying off staff that is more than five. This requires apex bank’s notification and approval going forward.”The Bankers’ Committee had said the mass sacking in banks would be reduced in the shortest time possible.
The committee noted that while it was working on how to reduce the level of job losses in the sector, there would always be reasons people would have to be sacked from their workplaces.
It explained that while the decision to sack bank workers had elicited a lot of sentiments from both the public and private sectors, the banks understood the implications of having to relieve workers of their jobs in view of the current economic situation in the country.
Several Nigerian banks are in the habit of disengaging thousands of their staff at very short notices. While some would be served their dismissal letters without serverance packages, others were not that lucky, as they were not informed officially but got blocked from accessing the bank’s server.
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