Some 269 workers on the National Investment Bank will lose their jobs in an on-going restructuring exercise at the bank. The number is considerably lesser than the 400 workers originally rumored to have been affected. In a statement from the bank in response to a questionnaire sent in by Joy Business, the ongoing restructuring exercise is aimed at putting the bank on a strong footing. To avoid victimization, the bank says it has put in place a standing negotiating committee comprising management, union, and representatives of the Industrial and Commercial Workers Union. It adds that recent reviews carried out by the bank have revealed it is overstaffed and therefore the need to downsize. The bank says it is also injecting more capital into its operation. The National Investment Bank in March denied Joy Business reports that 29 of its Branch Managers have been asked to proceed on accumulated leave this week as part of a restructuring programme. Joy Business reported the removal of the branch managers is the first phase of the bank’s restructuring. Source: Joy Business/Myjoyonline.com/Ghana