The management of Mainsteet Bank Plc (formerly Afribank Plc)has terminated the appointment of over 650 staff in its employ.

The exercise took place last Friday through the electronic mails of the affected workers comprising both senior and junior cadres.

Confirming this at a press conference in Lagos on Mondayt,Secretary-General of the Trade Union Congress of Nigeria(TUC),Chief John Kolawole,said the action of the bank lacks due process and manifests its height of provocation and lawlessness which is condemnable.

He urged the affected workers not to receive termination letter from the bank as the union is determined to come to their rescue.

He also urged to immediately reverse the termination and other anti-labour acts,failing which his members will shut down the operation of the bank.

‘’Consequently,TUC unequivocally state and demand the reversal of these terminations and other anti-labour acts immediately,failing which TUC will mobilize all its affiliates,allies and resources to shut down completely the operations of the Bank nationwide.

http://dailytrust.com.ng/index.php?option=com_content&view=article&id=165898%3Amainstreet-bank-sacks-650&catid=1%3Anews&Itemid=2

Not again! I hope this is not true.

Sanusi's cashless policy. Bulk room staff losing jobs per minute

someone told me they are accepting hardcopy cvs presently.

It will always happen cause they want to all cut down cost in all areas,so u will not blame them also.

so bad... anoda set of people losin dere source of livelihood

Wen some of us never get jab odas dey lose dem own? Dt is nt d issue sef, ppl lose jabs and get new ones, bt is dt d case in naija @ d moment and in d nearest future? And dis bank boys and gals wnt learn. Big cars, big apartments,expensive suits and shoes babe chasin anyhow little savings in d most insecured job knwn to man.

Na wa o! But according to vanguard, its 800.

;-(NASTY PEOPLE......I WIL EMPLOY D SACKED WORKERS....JUST APPLY OK NASTY PEOPLE......I WIL EMPLOY D SACKED WORKERS....JUST APPLY OK

Firing and hiring. i heard they are recruiting and i just submitted my CV 3 days ago. na wa oh

Hmmmmm! The BANKING INDUSTRY? Expect more especially with the advent of d Cashless Policy.

Sorry for those that loss their JOB.

So shocking...i was passing through the mainstreet bank head office yesterday, i saw the crowd beating drum and dancing with placards...so disgusted.

gboss4sure: Sorry for those that loss their JOB.

Same here as well

May God Almighty give dem a beta job n 4 dose still searching may God bless dem wit their dream jobs.

From MAINSTREET 2 BROAD STREET.

Una do o o o o o o

As for me av decided to become an enterprenure and employ others.

May the Lord have Mercy upon our land, everyday very hardworking people keep loosing their sources of livelihood and yet trillions of naira and dollars are being looted and shared by some selfish individuals.

Well they should collect their benefits n start their own businesses. Use ur sweat to build ur own empire not anoda man's empire. And as for TUC don't bank on dem, oceanic, intercontinental, zenith and odas av sacked much more people in d past, TUC only made mouth nothing came out of it.. I think d affected peeps should just look inwards n start deir own businesses, if 400 out of d 650 starts something of dia own with d entitlements received..with half of d hardwork u put into mainstreet bank n by Gods grace d businesses will fluorish n generate employment for odas..

650 and counting. Almost 7,000 since consolidation started. The manpower ejected together with their severence packages are enough to start a new, well capitalized bank. Well only if things worked that way.

Until a bank crashes and all those who have deposits lose your money (like I did in the 90's when Pinnacle Bank and Crystal bank crashed)before we will realize that bankers jobs are not a God given right. If not for Sanusi, after Francis Atuche, et al had finished dealing with Bank PHB, the bank would have gone bankrupt and depositors would have lost all their savings. We would have been queuing up outside the bank struggling to get our money.

When CBN changed Bank PHB to Mainstreet Bank nobody rushed to remove their money, there was 'no run on the banks' compare that to the bank crash in Nigeria in the 90's or even the Northern Rock collapse in UK as recent as 2008. Despite all the insults we throw at Sanusi the nation still has confidence in the banks, because of his policies.

Mainstreet Bank cannot afford to have the same number of employees sitting around not adding to the net worth of the bank, better to lose 800 employees than for the whole bank to collapse.

People should wake up from their dream world and bigoted, myopic, uneducated opinions and face the truth. Sanusi has sanitized banking for the better.

tunapawizzy: [b]Well they should collect their benefits [/b]n start their own businesses. Use ur sweat to build ur own empire not anoda man's empire. And as for TUC don't bank on dem, oceanic, intercontinental, zenith and odas av sacked much more people in d past, TUC only made mouth nothing came out of it.. I think d affected peeps should just look inwards n start deir own businesses, if 400 out of d 650 starts something of dia own with d entitlements received..with half of d hardwork u put into mainstreet bank n by Gods grace d businesses will fluorish n generate employment for odas..

What benefit?I heard from the news that some lucky ones were paid a month salary while other got nothing after almost 15-25 years in service.what a shame!!!

This is really sad for the country.

For the dummies that are applying to mainstreet bank, you would experience what people experience when they stand in the middle of the main street. All those banks that were taken over are going to crash, i know that because i have worked in a bank before, those banks were taken over and then the next thing that was done was to rebrand, spend money that they dont have to pay for renaming pretty much everything, from cars, to tellers to bank property. Since this banks have been taken over, they have not done any remarkable business strategy , they have not rolled out any cutting edge product, nothing, it simply means they are there to wind up the bank.

Rich Dad:
What benefit?I heard from the news that some lucky ones were paid a month salary while other got nothing after almost 15-25 years in service.what a shame!!!

If this is true then its so bad for the system. Where will these people start from? Especially the ones living affluent lives before now.

faithin9ja: Until a bank crashes and all those who have deposits lose your money (like I did in the 90's when Pinnacle Bank and Crystal bank crashed)before we will realize that bankers jobs are not a God given right. If not for Sanusi, after Francis Atuche, et al had finished dealing with Bank PHB, the bank would have gone bankrupt and depositors would have lost all their savings. We would have been queuing up outside the bank struggling to get our money.

When CBN changed Bank PHB to Mainstreet Bank nobody rushed to remove their money, there was 'no run on the banks' compare that to the bank crash in Nigeria in the 90's or even the Northern Rock collapse in UK as recent as 2008. Despite all the insults we throw at Sanusi the nation still has confidence in the banks, because of his policies.

Mainstreet Bank cannot afford to have the same number of employees sitting around not adding to the net worth of the bank, better to lose 800 employees than for the whole bank to collapse.

People should wake up from their dream world and bigoted, myopic, uneducated opinions and face the truth. Sanusi has sanitized banking for the better.

what you have said is half truth, sanusi carried out a good intention in a very bad way. Who told you that people didnt go to these banks to collect their money, the customers of PHB and the customers of Mainstreet are not the same at all. The whole taking over was so public and terribly done , it has driven the banks to a much earlier death.

@ sonyjacobs;please for which of the level are they collecting CV's for?
I would be glad if you can please provide me with update regarding the format and procedure about it.
You may send it via;
xaionsdream@gmail.com

tanks

I don't them jor. Everybody is cutting cost. I was at Ecobank today and to my surprise, they were using industrail fan.

ochallo:

what you have said is half truth, sanusi carried out a good intention in a very bad way. Who told you that people didnt go to these banks to collect their money, the customers of PHB and the customers of Mainstreet are not the same at all. The whole taking over was so public and terribly done , it has driven the banks to a much earlier death.

there are 2 branches of Bank PHB on the road where my office is. The day the declared it was now Mainstreet bank customers were attending the bank as per normal. Ii even paid in over N300,000 into a customer's account. He did not panic or tell me to pay into another bank.

Do you think if Atuche was still there today that there would be anything like Bank PHB or mainstreet. The bank would have collapsed, all the staff would have lost their jobs and depositors lost their money, the only happy people would be the major owners and directors including the Atuche and Co.

Bank directors treated these banks like their private property and depositors money like their father's money. We are now blaming the person who clean up the mess.

I really feel for them. When i chose to quit banking some years ago, quite a number of people asked whether i was going out of my mind, but i knew then that the bubble was going to burst someday. The same thing happened when i walked out of telecoms, some people still wondered whether i did not need a check up at Yaba-left. I trudged on. Today, i am in an industry that is looked down upon but provides a level of employment stability. In days to come, i will gradually wind down and go into my own line of business. Lesson in life? Dont settle down and assume that nothing will go wrong, dont eat with all your five fingers, plan ahead and remain a constant step ahead of the employment market. Dont forget to put God in teh first priority. Once again, i wish the people well and hope they get something doing to keep putting bread on the table and keeping the tummy warm.

sonyjacobs: Firing and hiring. i heard they are recruiting and i just submitted my CV 3 days ago. na wa oh

pls help where did u submit your CV? a friend is really in need of a job, is it their head office?pls reply. Thanks

Go and submit it in their head office at Marina