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Over 8000 banks employees were sacked in the first six months of 2017 – Report

The National Bureau of Statistics has said no fewer than 8,663 banks employees were sacked in the first six months of 2017.
This translates to an average of 360 bankers losing their jobs weekly. The NBS disclosed this in a report it released on Sunday.

It said the figures were higher in the first quarter that the second quarter.
The report, entitled: “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength,” said more contract staff were utilized by the banks during the period.

Those affected included 174 and 1621 executive staff in the first and second quarters respectively.

From 20,483 senior staff in the first quarter, the number dropped to 19,826 in the second quarter.

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The drop was larger in the junior staff category where the number dropped to 33,783 in the second quarter from 36,202 in the first quarter.

However, the NBS said the number of contract staff increased from 20,237 in the first quarter to 21,837 in the second quarter.

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