Former Group Managing Director of the defunct Intercontinental Bank and Chairman of Inspiration FM, Erastus Akingbola, has allegedly laid off some of the workers at the Ibadan, Oyo State branch of the broadcast station.
It was gathered that more than 50 per cent of the workers were affected. The Programmes Department, Newsroom, Administrative Department, Marketing Department and Engineering Department were not left out in the mass sack. An officer in the Human Resource Department was allegedly sent from the Lagos branch of the broadcast medium to distribute termination of appointment letters to the parties affected.
Not fewer than 14 workers were allegedly shown the way out of the radio station. Some of the new workers who were poached from rival stations in January were axed by the management. The affected workers, it was gathered, were allegedly owed a few months’ salaries.
According to sources, the mass retrenchment was due to the harsh economic climate in the country. This development is coming after some former workers of the station were alleged to be on the verge of taking the management to court over unremitted pension. Some of them were allegedly planning to take the matter to the Economic and Financial Crimes Commission (EFCC) and other relevant authorities, just to get their entitlement from the station.
