Skye Bank Ignores FG Embargo, Sacked 200 Staffs

Skye bank plc yesterday, sacked 200 of its staff, not minding the Federal government directives to all banks to halt all retrenchment exercise. 
According to the management of the bank, the sacking of 200 of its workers was because the affected staff failed in their 2015 appraisal.
Citing petitions and complaints, Chris Ngige, minister of labour and employment,asked the banks to suspend retrenchment pending a stakeholders meeting on July 2.
Ngige said any action taken in that regard would be seen as illegal.
“Following spate of petitions and complaints from stakeholders in the banking,
insurance and financial institutions, I hereby direct the suspension of the on-going retrenchment pending the outcome of the conciliatory meetings in the industry,” he had said in a statement late Friday.
“In this wise, all the retrenchments and redundancies done in the last four months
and all proposed ones should be put on hold pending the outcome of the proposed
stakeholders’ summit for the banking, insurance and financial institutions’ employers and employees, slated for July 2.”
Meanwhile,Ecobank fired 1040 of its staff while Diamond bank sacked 200 members of its staff respectively.