Is the Transnational Bank broke?.. That is the question on so many peoples as the Bank on Monday sent about 570 members of its staff into the Labour market. According to an exclusive information reaching CKN Nigeria ,the staffs received their letters at the close of work on Monday. No reason was given by the management than that they were sacked because the management of the Bank can no longer afford their services. The sacked letter which was signed by a top management staff of the Bank YVES MAYILAMENE (COUNTRY HEAD,HUMAN RESOURCES) also stated that the staffs will be paid one month IN LIEU OF NOTICE salary.The news came as a shock to many watchers in the industry .Some of the staff who had put close to ten years in the Bank said they were shocked by the development which to them was the greatest unjust new year present from an organization where they have put in their best over the years.When pressed for an explanation for the latest development by CKN Nigeria,top members of the Bank who spoke to us said the sack was a normal routine and has nothing to do with the financial status of the bank.It will be recalled that ECOBANK in the past few months has been having a running battle with its sacked former CEO leading to litigation.The ex Bank boss was recently awarded millions of dollars by a court over its unjustified sack by the Bank.Is the Transnational Bank broke?.. That is the question on so many peoples as the Bank on Monday sent about 570 members of its staff into the Labour market. According to an exclusive information reaching CKN Nigeria ,the staffs received their letters at the close of work on Monday. No reason was given by the management than that they were sacked because the management of the Bank can no longer afford their services. The sacked letter which was signed by a top management staff of the Bank YVES MAYILAMENE (COUNTRY HEAD,HUMAN RESOURCES) also stated that the staffs will be paid one month IN LIEU OF NOTICE salary.The news came as a shock to many watchers in the industry .Some of the staff who had put close to ten years in the Bank said they were shocked by the development which to them was the greatest unjust new year present from an organization where they have put in their best over the years.When pressed for an explanation for the latest development by CKN Nigeria,top members of the Bank who spoke to us said the sack was a normal routine and has nothing to do with the financial status of the bank.It will be recalled that ECOBANK in the past few months has been having a running battle with its sacked former CEO leading to litigation.The ex Bank boss was recently awarded millions of dollars by a court over its unjustified sack by the Bank.