NCBA Jobs: The NCBA Bank Group has rehired the employees it fired in June 2020. The bank has rehired up to 175 employees in what it has termed as a new expansion drive.
In 2020, the NCBA Group laid off 350 workers who were on temporary contracts. The sackings were attributed to the bank’s cost-cutting measures. In the same period, the bank also implemented a voluntary early retirement programme that saw the exit of 130 staff who were on permanent contracts.
“Last year around June we released 350 of our non-permanent staff. Out of those that we released half of them have already come back and most of them are now on permanent contracts,” NCBA chief executive officer John Gachora said.
The move to fire employees in 2020 saw the bank spend Sh. 700.7 million. As at December 2020, its total staff count dropped to 2,392 in the review period from 2,598 the year before.
“We restructured the Kenya businesses to create a leaner target operating model that can deliver on our strategic ambitions. As part of this process, we executed a voluntary exit programme for employees who wished to consider opportunities outside the organization. Through this process, a number of our senior executives elected to leave the organization,” said Gachora.
In the new rehiring, Gachora said that the bank was convinced the best workers to drive its growth agenda were those it had fired. We have been expanding and the best people to hire are people who already have worked for you before. That’s why we went for them because they were all junior staff,” Gachora said.
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According to Gachora, the bank is opening branches in Nairobi –Gikomba and River Road— Embu, Kikuyu, Ngong, Kiambu, Kericho, Bungoma and Naivasha. It has already opened branches at Kamakis, Nyeri Mall, Mitchell Cotts, Karatina, Kakamega and Mwembe Tayari.