Ecobank Nigeria on Thursday said that the recent reorganization that affected some senior staff was
designed to strengthen the bank’s business across all market. The statement said that the bank was committed to cost efficiency and investment in key initiatives in its transactions, banking, cards and e-banking businesses and it was necessary for the bank to realign its work force for better efficiency in line with best practices. They commenced a selection process of converting qualified non-core staff to permanent staff and save cost of operation by cutting down on their labour force. The bank reported that all the affected workers which were not less than 50 were adequately compensated.
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