ECOBANK NIGERIA LIMITED ON WEDNESDAY SACKED 1,040 OF ITS WORKERS. THE MANAGING DIRECTOR,CHARLES KIE CONFIRMED THIS IN A STATEMENT OBTAINED BY THE NEWS AGENCY OF NIGERIA (nan)LAGOS "WE UNDERSTAND THAT PEOPLE ARE OUR KEY TO ASSET SO WE HAVE EMPHASIZED THE NEED TO REWARD OUR BEST PERFORMERS,CONTINUE TO RE-INVIGORATE OUR PEOPLE WHILE ALSO OPENING UP NEW OPPORTUNITIES FOR TALENTED,COMMITTED PEOPLE TO JOIN US AS PERMANENT EMPLOYEES. THIS NECESSITATED THE EXITS OF SOME STAFF WHO WERE ADEQUATELY COMPENSATED AND IS IN FURTHERANCE OF A MARKET REPOSITIONING EXERCISE DESIGNED TO STRENGTHEN THE BANK'S BUSINESS ACROSS ALL MARKET WHERE IT OPERATE. AT THE SAME TIME,BASED ON YOUR REPOSITIONING PLAN,WE HAD TO DISENGAGE SOME STAFF WHILE ENSURING THAT,IN LINE WITH INDUSTRY STANDARDS,THEY ARE TREATED FAIRLY"

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