Tuesday, 20 September 2016

So Sad ! Economic Recession: Banks Set To Sack Many Workers And Close Branches

There is palpable fear in the banking sector as banks might be forced to massively sack its workers if the recession continues.
According to investigation by Punch, a number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder.
It has been forecasted that by December, most of the banks would lay off hundreds of its workers. The latest information is coming barely 24 hours after Unity Bank Plc laid off about 300 workers, more than the 220 that was mentioned last week, according to Punch.


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