Economic crisis hit Nigeria :Visafone sacks 60 workers, Stanbic IBTC sacks 250

Did not think it will get to Nigeria this soon, but well it has, with the way things were going one is not surprise  most companies are  laying off staff? one yesterday April 30th Visafone fired over 60 of their staff nationwide. Stanbic IBTC also sacked 250 of their staff. The sack takes effect from today May 1st.

The Stanbic IBTC sack yesterday crossed across all levels, from management to lower level staff and I hear this is just the first batch. The bank is planning to do another round later this year.

The sack at Stanbic yesterday only affected full staff employees as the bank intends to make its workforce 20% permanent staff and 80% contract staff. The total workforce before the sack yesterday was about 3000.God help us.