According to Filipe Makengo, president of the National Union of Bank Employees of Angola (SNEBA), the national banking sector has lost a total of 1,400 workers over the past three years.
In his view, the profit-driven logic of the market leads financial institutions to adjust their staffing levels whenever results are negative. “Human capital ends up being one of the first variables to be adjusted,” he notes.
He explains that, in this context, SNEBA has played a supervisory role in restructuring processes, ensuring their legal compliance, and that, whenever irregularities are detected, it uses available legal mechanisms to defend workers’ interests.
