Friday, 22 November 2024

Diamond Banks Sacks Over 1,000 Workers

Diamond Banks Plc has sacked over 1,000 workers.

P.M.NEWS Business reports that the sack was because the bank had to realign its operations for a tougher 2015, especially as the monetary policy environment continues to get tighter.

Apart from job cuts, the bank is also planning to reduce the number of new branches to be opened this year.

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