Topic: Global Financial Crisis: Banks to sack 15,000.

The National Daily Newspaper of Edition 141, March 16-20, 2009 has it that banks are making plans to lay-off some members of their staff (abt 15, 000 from different banks), as a way of tackling the adversity of the global financial crisis, under the guise of human resources audit (HR audit).
it says, 'National Daily reliably gathered that lists of some bank employees, particularly those under contract and outsourcing employment, are already being compiled for retrenchment. However a few are said to be weighing the option of negotiating a downward review of staff salaries instead of outright sack.' '...bulk of the casualties are in the lower cadres, without core banking skills....' But for the intervention of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and Natioal Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), they could have started the process.
Now i ask, 'if banks cannot take care of their already-employed staff, why are they empolying more? why the recent tests and interviews? Are they employing us to retrench us later?Why...........?
Think about that!!!

pls house wot abt dose dat did dier intavw on d 17th & 18th jan in abj.hv dey started calin dem?pls any1 wit any info on dis shud pls share wit d house.tanx