The United Bank for Africa (UBA Group) has sacked over 4,000 of its workforce especially its permanent staff and replaced them with contract staff.
It is no longer news that Nigeria’s commercial banks have over 90 per cent of its staff as contract staff with only 10% as permanent staff, what is new is the silence of the regulatory body, Central Bank of Nigeria in addressing the issue despite the huge profits declared by these banks annually.
READ ALSO: OAU Management Comes With A New Policy On Students’ Hostel
Twitter has been agog with the recent recruitment at United Bank of Africa, but little has been heard of the massive sack of permanent staff, most of whom have worked for the bank for over 12 years.
Sad thing is that they were asked to resign, a twitter handle by the name Bayo posted this tweet, that gives us details of what really happened, read below;
“I just received a call from my aunt. Apparently @UBAGroup UBA bank. Just sent her a letter last night as well as many other victims to resign, if not they will be forced out. No due process, no criminal, over 12 years of service. Is this how Nigeria will be better in 2020?”
READ ALSO: OMG!! Gay Party BUSTED In Kano, 15 Homosexuals Arrested
What a way to begin the new year, maybe the bank wants to infuse new ideas and reduce operating cost, as we all know contract staff are paid a lot less and are engaged via a recruitment firm.
A little digging and we found out, the sacked staff will be paid 6 months salary as remuneration.
It would be recalled that the First Bank Plc and Fidelity Bank Plc were known to have sacked hundreds of its staff in December 2019.
Leave a Reply