Over 200 staff of Enterprise Bank and Keystone Bank have lost their
jobs due to the rationalization exercise that was recently carried out
by both banks. On the 2nd of December Enterprise bank rolled out a list
comprising of a 150 staff members that were affected by the
rationalization excersie which according to the bank's management was
done in order to achieve effective service. Worst hit by the retrenchment
exercise are the Lagos Island branches of the bank. Spokesman for the bank, Olusola
Longe-Okenimkpe says the rationalization exercise was carried out to
identify resource optimization.
Keystone bank in November also carried out their own
rationalization excercise which saw 52 Senior staff members losing
their jobs.
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