Tag: retrenchment

ExxonMobil sacks 89 workers

by Dolapo Adelana International Oil Company, ExxonMobil has laid off additional 89 workers. This was disclosed by a top source in an interview with The News Agency of Nigeria at Mkpanak…

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FG won’t provide bailout for banks despite order not to sack workers

As Nigeria's economic situation worsens, the federal government has completely ruled out the option of giving bailout funds to banks in other to avoid job cuts and retrenchment of workers,…

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Senate to Ngige: Come and explain your threat to banks

Comments made by the Minister of Employment and Labour, Chris Ngige might have landed him in trouble with the upper legislative chambers of the National Assembly. The Senate Committee on…

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Skye Bank defies FG, sacks hundreds of workers

The current state of the economy has forced another bank to lay off its staff in large numbers despite the federal government warnings to halt the dismissal of employees in the…

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FG orders banks to immediately stop sacking staff

The Federal Government has directed commercial banks to forthwith, put a halt on the retrenchment of their employees. In the past few weeks, Diamond Bank and Ecobank have laid off…

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