Tag: Retrenchment
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Reps commence probe into alleged forceful retrenchment of CBN staff
Speaker of House of Representatives, Rep. Tajudeen Abbas, has urged all relevant stakeholders to collaborate with the house in its investigation on the alleged forceful retirement of no fewer than 1,000 staff members of Central Bank of Nigeria (CBN).
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Retrenchment: We why didn't renew contracts of affected staff – Ecobank
…says over N500m paid as severance packages and other palliative measures The management of Ecobank on Wednesday explained why it did not renew contracts of its Vendor Managed Personnel. Recall that TNG exclusively reported on Tuesday that over 1,500 staff were affected by the bank’s recent retrenchment exercise. However, the bank in a statement on…
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EXCLUSIVE: Ecobank commences nationwide retrenchment exercise, over 1,500 staff affected
…affected staff duly compensated – Ecobank insists The management of Ecobank Plc last week Friday laid off over 1,500 staff on its pay roll, TNG can authoritatively report. According to one of the affected staff who confided in TNG, the mass retrenchment started last Friday (July 5) across the bank’s branches nationwide and affected mostly…
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ExxonMobil shut over retrenchment of 150 workers
The Lagos headquarters of U.S. oil major, ExxonMobil has been shut, following a standoff between blue-collar oil unions and the management over the sacking of 150 ExxonMobil workers. Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) besieged the office of the oil giant, protesting the sacking of Nigerian workers. The…