Wednesday, May 1, 2013
Stanbic IBTC, Visafone Sack 310 Staff
Gist has it that no fewer than 250 employees of the Stanbic IBTC bank and another 60 staff of the telecommunications company, Visafone, were laid off, Tuesday, by their employers. The sack at Stanbic IBTC bank cuts across all levels of the company, from management to lower level staff in what is said to be the first batch of the disengagement exercise. The bank is reportedly planning to execute another round of disengagement exercise later this year.