NCB Financial Group has seen a dip in its staff costs with a reduction in its executive roster.
September 25, 2025
KINGSTON, Jamaica — The National Commercial Bank (NCB) has confirmed that it has launched a voluntary separation programme (VSP) for eligible employees across the bank and its wholly-owned subsidiaries in Jamaica.
The programme, which runs from September 23 to September 29, 2025, is entirely optional and is designed to support employees who wish to explore other opportunities, the bank said in a statement.
Under the VSP, participants will receive financial and transitional benefits, including severance payments, extended health and life insurance coverage, staff loan concessions, pension options and continuation of existing scholarships.
NCBJ emphasised that the VSP does not replace existing redundancy provisions, nor is it linked to employee performance. Participation will be approved based on business needs.
“We value the contributions of all our employees and remain committed to treating our team members with fairness, transparency and respect throughout this process,” the bank said.