I just got this BB message on the New Mgt decision on former PHB staff. It really looks too drastic.

'KEYSTONE BANK SLAVE-TRADE ALERT!!!
JUST LIKE AIRTEL THEY ARE AT IT AGAIN!
As we used our voice to fight injustice at Airtel,pls let's do same for Keystone Bank staff!
D mgt of Keystone Bank, (formerly Bank PHB) has shown an outrageous disregard for d welfare & human rights of its staff & are treating us like slaves.
They have cunningly swept all our years of hard work with Bank PHB into d gutter. We were all given 5days to sign outrageous offer letters failing which we will no longer have our jobs.
In panic we all signed. we are all coerced into paying off d share loans given to us from d 'un-existent' Bank PHB & yet we are not paid any of our entitlements from d Bank. Almost 50% pay cut,
only 10% of total staff can actually apply for 'staff loans'. Instead of 4% it is now 9% interest rate.
We can't be employed at Enterprise Bank (Formerly Spring Bank) because our MD has forcefully made an unwritten agreement with their Mgt not to recruit us.
Even if we get employment we are all under 6months probation irrespective of our years with Bank PHB & our confirmation depends on our ability to meet outrageous targets.
Imagine not to be compensated for working for a Bank for many years of your life & then to be placed on probation despite your past performance with d risk of losing your job!
Please help our fight against injustice & re-broadcast this to all your contacts.
Join us with one voice & let's be loud enough. They will be forced to do d right thing
Let the world hear this!!!
Thank you' .

My advice to the work force is to down their tools and dare the mgt.
They can't replace an entire skilled work force even in three months.
It's either they fight it or they suffer for it
Union Bank tried such earlier in the year, and NLC blew them heat underneath by Picketing, they rescinded the decision asap.

^^
Occupy Broad Street?

That was actually ''Occupy Marina''.
Incidentally, i captured it live! 

Bankers, nay all those in financial sector have had it good for so many years until now. Prudence was never their watchword and now that these bank (keystone et all) are under regulatory watch, you can only expect such groaning. Banks should have a structured rate to avoid this type of issues. Change in mgt should never have affected the workforce.

gulfer:

Bankers, nay all those in financial sector have had it good for so many years until now. Prudence was never their watchword and now that these bank (keystone et all) are under regulatory watch, you can only expect such groaning. Banks should have a structured rate to avoid this type of issues. Change in mgt should never have affected the workforce.

But, my brother, that is one of the ills of acquisition. It is forceful and unpalatable; the new boss imposes his laws and ideas on the acquired!

It is funny how bankers are now the ones Complaining and making negative noise about their banks. Few years ago, a banker will almost fight you if you dare say anything negative about Nigerian banks. Bankers fail to see what some of us has seen for a long time, banking job is not a job for a well meaning individual. Working at a local Govt. in Nigeria is better than working in any Nigerian bank.

I here staff in Keystone Bank were promoted yesterday!

How true is this?