The Employment Ministry has confirmed the planned sacking of over 2,000 workers of Consolidated Bank Ghana Limited.
Deputy Employment Minister, Bright Wereko-Brobbey, who gave the confirmation on Monday, said that the Consolidated Bank Ghana Limited would lay off staff after it completes its rationalisation process.
However, he said the retrenched workers could also re-apply to be considered for new roles at the bank.
“We are looking at numbers in the region of 2,985 staff to be retrenched, and they have asked all these people to apply and then some of them will have employment. So if people will lose jobs at all, it will be in the region of, let’s say, about 2,000 or so,” he said.
He urged workers affected by the retrenchment exercise to take advantage of the bank’s decision to consider them for re-engagement “and do as expected of them and then compete in the labour market in terms of the banking sector.”
Management of Consolidated Bank, established to take over five defunct indigenous banks, told government and Labour Unions after an emergency meeting held on Monday, September 10 that it would retain only a sizeable number of its staff.
The Bank of Ghana (BoG) announced the creation of the Consolidated Bank Gh. Ltd in August to take over some struggling banks in the country, namely Sovereign Bank, Royal Bank, Beige Capital, Construction Bank and uniBank.
The five financial institutions faced severe liquidity challenges and breached banking regulations, according to the Bank of Ghana.
Source: myjoyonline
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I have no sympathy for some of the people who will be loosing their jobs.... Some of them were aware of the bad things their managers were doing at the defunct banks but refuse to blow the whistle..... Next time if you get a job and you know your boss is doing something wrong blow the whistle otherwise the company will collapse and you will become unemployed.........
IT MAKES NO SENSE TO PAY ALL THESE WORKERS THEIR RETRENCHMENT PACKAGE ANG AGAIN RE-ENGAGE THEM TO PERMANENT JOBS. IF SOME WORKERS WILL HAVE TO BE RE-ENGAD THEN DON'T MISAPPROPRIATE THE STATE FUNDS. JUST EMPLOY THEM STRAIGHT AWAY WITHOUT ANY PACKAGE. I DON'T THINK ANY PRIVATE BUSINESSMAN/WOMAN FOR EXAMPLE BREAD BAKER SUCH AS A1 FOR THAT MATTER WOULD WANT TO WASTE SUCH FUNDS BY PAYING RETRENCHMENT PACKAGE TO THEIR WORKRS AND RE-ENGAGE SAME TO A SUBSIDIARY UNIT SUCH AS A MEAT PIE OUTLET. I STRONGLY BELIEVE THE GOVERNMENT IS OUT FOR MISCHIEVE UNDER THE PROPOSED PLAN JUST TO LINEUP POCKETS UNDER THE PRETEXT OF RETRENCHMENT. PEOPLE MUST GET TO KNOW THAT THE NEXT TIME ANY GOVERNMENT SUCH AS THE NDC COMES TO POWER NO MATTER HOW LONG IT TAKES THE CONSEQUENCIES FOR ACCOUNTABILITY WILL BE UNMEASURABLE. WE ARE SEEING HOW BAD STATE FUNDS ARE CURRENTLY BEING MISAPPROPRIATED AND HOW THE CONSTITUTION IS JUST FOLDED AND THROWN INTO THE DUST BIN YET THE SUPPOSED LOUD MOUTHS AGAINST THE RECENT PAST GOVERNMENT UNDER THE NDC HAVE MAINTAINED THEIR SILENCE. ASEM BE SI DABI