LATEST UPDATE

Sterling Bank Denies Sack Reports

 Sterling Bank Plc has denied the report it sacked 650 staff working with the bank, claiming they only returned them to service providers that had earlier assigned them to work with the bank.

The company made the clarification in a statement yesterday.
The bank said they were forced to react due to “the spread of the falsehood by online reporters have compelled us to come up this statement to put the record straight.”

Explaining the true state of things, Sterling bank 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 on the 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.

 

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