Systematic & Major Job Loss Ongoing As Banks Undertake Staff Audit In Face Of Economic Down Time

Information filtering in have it that, there is an ongoing systematic job loss in the banking industry.

And an insider labelled the volume as ”major”.

And this development is labelled particularly high amongst about five banks.

This move is attributed to efforts to cut down ballooning costs in the current trying economic trying times.

Societynowng.com learnt the development is being carried out through and on going staff audit.

”Many bankers have lost and are lossing their jobs” an insider stated simply.

”And the numbers are on the high side, should give cause for concern with the financial institutions responsible” another source stated.

Societynowng.com however learnt the prevailing public issues of fuel price brouhaha, celebrated corruption cases and scarce forex have blanketed out the unraveling scenerio from the public attention.

Digs by societynowng.com leant the ploy started with a move that caught bank workers with disciplinary and performance cases.

Societynowng.com learnt many cases that were normally overlooked where leveraged on to give the book.

Same for performances.

Now the bar of performances are being raised and those who fall short kicked out in the continuous development.

”That is to justify the sacking of the workers, but the truth is…it is all about saving cost to stay afloat” a source stated.

For some of the banks involved in this ongoing practise, informants claim the volume of staffers they have disengaged in recent time should ordinary give cause for concern for a discerning public and regulator- if only they pay required attention.