600 staff were shown way out more to go

^ ^ ^ ^ Source please

my wife works there it is a confirm news

Was she let go?

no why all this question it is just a news to pass to the public

True that. Heard they were forced to resign at gun point. i.e. They had a battalion of Mopols fully kitted around and they forced them to sign the already prepared resignation letters.

niyooo:

True that. Heard they were forced to resign at gun point. i.e. They had a battalion of Mopols fully kitted around and they forced them to sign the already prepared resignation letters.

Chill naw. . .Gunpoint ke

niyooo:

True that. Heard they were forced to resign at gun point. i.e. They had a battalion of Mopols fully kitted around and they forced them to sign the already prepared resignation letters.

MrCrackles:

Chill naw. . .Gunpoint ke

all that for forced resignation? or should i say cost-reduction measures?

See Also:
- Zenith Bank: Are They Planning To Layoff Some Staff?

- Zenith Bank Set To Layoff Its Staff - 2 month old rumor.

In these hard times?

[size=14pt]na God go help us with dis sickness call economic melt DOWN[/size]

pls any info about the category of staf are the younger ones taking over from older guys. dats a good news chapp! l luv zenith bank.

this is serious; we must pray hard

The information is true.

Grapevine says 700 names have been penciled down but the target is actually 1000 staff.

itz very very true, the target is actually 1000, but 700 were shown the way out over the weekend.my hisband works there.evri one is looking for something else incase they are the next on the list.it wasn't at gun point, they were told to drop their I.Dcards at the head office n resignation letter.So Sad.The fallout from the economic recession and our "great" Sanusi's cleansing.

The chicken has come home to roost!!
with all the banks being asked to do adequate provisioning for bad loans which they have being carrying and poting the interest on these bad loans to their balance sheet, the profit of all the banks have declined considerably and it is obvious that the running cost is too high for the real profit they are making.

Uba declared 50b profit last yr but has declared a loss of 9b this yr!!! that shows a sharp decrease of 59b. now, how can most banks still pay the kind of armed robber salary they used to pay??

its really sad this is happening, but its not just the banks, even the telecommunications & other sectors are affected, not sure abt figures but MTN laid off some staff as well just last week

yjay:

its really sad this is happening,MTN laid off some staff as well just last week

its really sad,a friend who has bn with MTN for over 5yrs
was laid off just last week in the name of right sizing yet these guys are employing at the same time.

Its a ugly development.

yawns***********

Rather than sack them why not ask them to resign?

skillmyman:

now, how can most banks still pay the kind of armed robber salary they used to pay??

Armed robber salary? Wish i can recieve that kind of salary even if its for a month. lol

Kx:

its really sad,a friend who has bn with MTN for over 5yrs
was laid off just last week in the name of right sizing yet these guys are employing at the same time.

Its a ugly development.

yeah! a friend of mine was also affected thats how i got to know!

it is real, this is not a rumor.especially the marketers

May God rescue us from this recession thing!

chosen04:

Rather than sack them why not ask them to resign?

Nigerians don't Resign,

chosen04:

Rather than sack them why not ask them to resign?

They actually asked them to resign. It does nt make diferrence. Either they asked to resign or they sack them.

This news is very true. One of my friends has been tsunamied in Zenith!

I hope they will give returns to shareholder this year. A lot of invested there. Thank Lamido expose them.

hmmmmmm Pls y'all stay away 4rm bank job vacs 4 now !

It is general thing in all financial institution, Union Bank did its own last month, Diamond bank of all banks sack 150 last week or thereabout and more to go. Springbank sack alot of managers for age reasons.

cooked news from strange land!

May God save us from the problem of a thing.to every one affected please take heart.