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First Bank Laid Sack Another Batch - Jobs/Vacancies - Nairaland u5tf

First Bank Laid Sack Another Batch (5901 Views)

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seniormallam(m): 12:02pm On Nov 30, 2019
Another batch of contract staff were sacked yesterday, whether you've spent 7,8,9 or 10 years, they were all given exit benefit 200k.
Like over 1500 people between last week and yesterday, in a time like this.
icon007(m): 12:12pm On Nov 30, 2019
How true is this! If true, I think it's high time contract staff unionized even though it's against company rules cool
seniormallam(m): 12:18pm On Nov 30, 2019
icon007:
How true is this! If true, I think it's high time contract staff unionized even though it's against company rules cool
They all got their 200k immediately they got the message yesterday evening,
My bosom friend was affected yesterday, after 9years of service , 200k that cannot pay his house rent and he's also a family man
CsRockefeller(m): 12:41pm On Nov 30, 2019
It's not surprising. The recent low demand for crude oil and the FG single treasury policy affected all Banks and continues to affect some.

Expect more mergers in the coming years.

1 Like

livebyday(m): 1:49pm On Nov 30, 2019
CsRockefeller:
It's not surprising. The recent low demand for crude oil and the FG single treasury policy affected all Banks and continues to affect some.

Expect more mergers in the coming years.


Very true comrade

Sad indeed

But we must stay optimistic that the sun will shine after the storm

Cheers

3 Likes 2 Shares

PartnerusIsBack: 2:05pm On Nov 30, 2019
seniormallam:

They all got their 200k immediately they got the message yesterday evening,
My bosom friend was affected yesterday, after 9years of service , 200k that cannot pay his house rent and he's also a family man

That's 500€

2 Likes 1 Share

Optao: 2:22pm On Nov 30, 2019
UBA just employed 800 bank teller in Lagos State ....

2 Likes 1 Share

ZzZzzzzzzzzzzzz: 3:01pm On Nov 30, 2019
seniormallam:
Another batch of contract staff were 7,8,9 or 10 years, they were all given exit benefit 200k..
God! My heart can't comprehend this
femoric(m): 3:02pm On Nov 30, 2019
The info is true, a friend was affected as well. First Bank is rather wicked with its approach to disengage staff. My friend found out he was sacked when he could no longer on their server. He kept trying and trying, for where, after several attempt, he got the news he wasn't on their list again.... so sad

6 Likes 1 Share

Chapter1vs6(m): 3:06pm On Nov 30, 2019
One problem about being a contract staff is

being a contract staff that wont be converted into permanent

4 Likes

benzion72(m): 3:30pm On Nov 30, 2019
life continue. It will be tough and strenuous but the tough ones will survive

4 Likes 1 Share

ise82(m): 4:53pm On Nov 30, 2019
Next level and Buhari zombies.

1 Like

Edyice: 5:14pm On Nov 30, 2019
seniormallam:
Another batch of contract staff were sacked yesterday, whether you've spent 7,8,9 or 10 years, they were all given exit benefit 200k.
Like over 1500 people between last week and yesterday, in a time like this.




By FORCE pensioners without pension grin

Pr0cter: 6:24pm On Nov 30, 2019
Please someone should explain to me how First bank or the banking system works??


Why were they laid off??
ijeshaboy: 7:00pm On Nov 30, 2019
This is sad.

1 Like 1 Share

Joystark(f): 7:29pm On Nov 30, 2019
Then they'll replace them with younger people and use the juicy part of their lives.

Vicious cycle.

9 Likes

EbukaHades10(m): 8:38pm On Nov 30, 2019
I don't know what the future holds but if I eventually work for a bank, I don't intend to stay more than 5years there.

To be self employed is the way now

2 Likes

enawt: 8:56pm On Nov 30, 2019
I wonder what will happen when the government brings a recapitalisation policy....
More lay offs.

Education sector: TCN wan sack teachers that are not qualified
Banking sector: massive contract staff lay offs
Information sector: social media regulation

Omo, na to leave this country oo, it will soon go round all the sectors
7thLemonLOVER(f): 8:57pm On Nov 30, 2019
How true is tgis
tejiri4(m): 10:05pm On Nov 30, 2019
its painful
sammirano: 10:16pm On Nov 30, 2019
The mods will never see this kind of news.
Re: First Bank Laid Sack Another Batch by Nobody: 10:17pm On Nov 30, 2019
Working in a bank as a contract staff is tantamount to Slavery. Beware!!!

2 Likes

figoperch: 10:26pm On Nov 30, 2019
enawt:
I wonder what will happen when the government brings a recapitalisation policy....
More lay offs.

Education sector: TCN wan sack teachers that are not qualified
Banking sector: massive contract staff lay offs
Information sector: social media regulation

Omo, na to leave this country oo, it will soon go round all the sectors

Beverage companies like Nigerian Breweries will soon EXECUTE their own layoffs soon. The most affected will be their sales reps who will be substituted withe semi-contract LARs.

They most likely will do this before their next sales conference if it will hold.
ProtectMyMoney: 11:29pm On Nov 30, 2019
Pr0cter:
Please someone should explain to me how First bank or the banking system works??


Why were they laid off??

That is what Technology does....ATM machine can handle the job of 20 tellers...so to be one of those indispensable staff, be the one they need to call that ATM is not working, server issues, etc etc

4 Likes

chrisifeanyi: 5:22am On Dec 01, 2019
Choi
jom28gy(m): 5:48am On Dec 01, 2019
seniormallam:

They all got their 200k immediately they got the message yesterday evening,
My bosom friend was affected yesterday, after 9years of service , 200k that cannot pay his house rent and he's also a family man
this is a pitiable situation, they shouldn't have sack them
Parin31: 7:05am On Dec 01, 2019
Nigerians u are funny u who is a contract staff don't u know that anything can happen
Yohh: 7:27am On Dec 01, 2019
seniormallam:

They all got their 200k immediately they got the message yesterday evening,
My bosom friend was affected yesterday, after 9years of service , 200k that cannot pay his house rent and he's also a family man
9years as a contract staff??. Wtf!!!
enawt: 7:41am On Dec 01, 2019
figoperch:


Beverage companies like Nigerian Breweries will soon EXECUTE their own layoffs soon. The most affected will be their sales reps who will be substituted withe semi-contract LARs.

They most likely will do this before their next sales conference if it will hold.

think you are right.
tell me more about the semi contract LARs cos I sincerely hope this will not affect a person I have in the beverage company (sales rep)
lereinter(m): 12:32pm On Dec 01, 2019
When one door closes another shall open
Noblejay7: 1:00pm On Dec 01, 2019
I don't have any problem with the bank retrenching staffs. It a normal practice in private sector as most companies are cutting cost using different means including retrenchment to lower employee cost.

However, it amount to serious infraction on our labour laws to use an employee for more than 10years and lay them off with just 200k as severance package. Ecobank did the same thing in July and the retrenched staff took to the street in protest. At the end of the day the bank had no option but to negotiate with them and they were paid additional severance package.

The government must through the ministry of labour and productivity protect workers from this type of inhumane and unfair treatment. Also, job seekers must read and understand before they accept and sign any employment contract.

The painful thing is the bank will replace the retrenched staffs with another set of unsuspecting and desperate young job seekers which they will use for another 10 years . And the circle continues. what a pity.

Bank employment is a scam.

2 Likes

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