Zenith Bank Mgt Slash Workers’ Salaries by 30%

Zenith Bank Plc, has slashed its worker’s salaries by 30% despite declaring huge profit at last financial report.

The bank is reputed to be Nigerian’s largest bank with current shareholder base and the biggest tier1 Bank

A staff who craved anonymity told journalists that he and others woke up on August 24, 2016, the date that salaries for the month were to be paid, to notice a cut in the wages without prior notice to that effect, with some senior staff getting as much as N72,000 deducted.

“My email should not be public because I am a staff of the bank involved. As at today, 24th August 2016, being the pay day, Zenith Bank has slashed down staff salary without prior notice or official memo”.

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“Although the non-professional staff/contract staff salary wasn’t affected, this is not the right way to go in this harsh economic situation in the country”.

“Please find below the amount deducted and level: Assistant Manager; (N72,000); Executive Trainee (N3,000); Executive Assistant (N10,000); Senior Executive Assistant (N30,000); Assistant Banking Officer (N40,000); Banking Officer (N50,000)”, he said in a email.

However, no official statement has been made available from the bank yet.



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