Sterling Bank kicks back at alleged sack of 650 Staff
Sterling Bank Plc has debunked reports that it sacked 650 staff members.
The bank said in a statement on Thursday that the affected workers were not workers of the bank but were assigned to the bank.
It said that the affected workers were returned to the service providers that had earlier assigned them to work with the bank.
It said: “Specifically, the 650 staff being reported are not staff of Sterling Bank Plc. They were assigned to the bank by our service providers and as contained in the Service Level Agreements (SLA), they can be returned to the service providers for reassignment to any other institution by the service providers as they deem fit.
“As an organisation, we have, over the years invested heavily in making Sterling Bank a great place to work for our staff and this has endeared them to the Bank.”
Sterling Bank said the number of staff from other banks willing to join Sterling Bank has also remained high.
“Despite the poor economic situation with institutions laying off staff, Sterling Bank in the last 11 years of its corporate existence, has established itself as institution that is employee’s delight.
“Indeed, if you are looking for an institution that cares about its people, Sterling Bank is it. The bank has continued to build its staff into the best they could be and recognises their contributions to its success,” the bank said in the statement.
