Investigating The Factors Influencing Job Losses In The Nigerian Banking Sector
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 8
Abstract
This study was carried out to identify factors responsible for staff layoffs in the Nigerian banks. This purpose was pursued through specific objective. The survey design of questionnaire administration and oral interviews was adopted in collecting the needed data. Purposive sampling was used to select five (5) Deposit Money Banks (DMBs) involved in mergers and acquisitions. Forty (40) employees from each of these banks responded to the questionnaire administered to them and the data generated were analyzed using both descriptive and inferential statistics in the Statistical Package for Social Science (SPSS) version 22.The study found, among others, that greed and fear of losing talented employees by top management contribute greatly to staff layoffs. On the basis of these findings, recommendations were made, chiefly, that self-aggrandizements being very indicative in the case of the studied organizations, should be brought to the fore and adequately dealt with through effective corporate governance in Nigeria.
Authors and Affiliations
Ugbomhe O. Ugbomhe (Phd), Osagie, N. G. (Phd), Okhakhu Clement Osigwe (M. Sc)
Keywords
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