Monday, 30 April 2012

550 Finbank & 320 First City Monument Bank Staffs,Sacked


First City Monument Bank (FCMB),recently acquired Finbank. FCMB  in its acquisition bid of Finbank has caused the bank to earlier disengage 320 of their staff in preparation for the merger and integration of the two banks.
A total of 870 staff of the two banks – 550 from Finbank and 320 fromFirst City Monument Bank have been displaced as both banks complete their merger process.
The 550 staff of Finbank were asked  to resign and pursue any other career of their choice through the severance package being worked out by the management of the two banks.

What do you all think about this?


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