Ecobank Nigeria Plc has disengaged about 35 members of its workforce over what it described as underperformance on the part of the employees.
It was learnt that the affected workers, who are mostly senior staff members, performed below expectation.
Meanwhile, the bank in a statement on Wednesday, February 24, announced the promotion of about 300 staffs.
It stated that the promotion exercise which affected about 10 per cent of the employees was in line with its commitment to recognisingand rewarding excellence and exceptional performance. The promoted staff cut across all cadres of the workforce.
Deputy Managing Director of the bank, Anthony Okpanachi said the bank remains committed to rewarding excellence and will continue to take appropriate positive action in line with international best practice to sustain excellence in its work force.
The affected staff were selected through an appraisal exercise conducted using an in-house developed performance management system which uses both financial and non-financial metrics to categorize staff.
