It was not a happy moment for the unfortunate workers, who were relieved from their jobs. It was tagged black xmas season for Over TWO HUNDRED staff of Enterprise Bank and Keystone Bank, who 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 employees 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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