Yesterday, lay off 60 of their staff nationwide and Stanbic IBTC also fired 250 of their staff. The sack take effect from today, May 1st, 2013, which happens to be workers day.
The sack by Stanbic IBTC cut across all levels, from management staff to lower staff. From source, the bank will still sack more staff before the end of this year.
The people affected in Stanbic IBTC are full staff employees as the bank intends to make its major workforce 20% permanent and 80% contract staff.
Why are Nigeria Companies Laying off their workers even when they know there is no job in Nigeria. We ave so many graduates out there looking for jobs and yet those that have are losing theirs.
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