KINGSTON, Jamaica — National Commercial Bank Jamaica (NCB) has announced that a limited-time voluntary separation initiative is being made available to employees who may wish to step away from the institution.
The programme, running from September 23 to September 29, 2025, offers staff the option to transition out of the organisation with a suite of financial and support benefits. The bank explained that the measure is not performance-related, but instead provides an avenue for team members who are considering other pursuits.
What the Offer Includes
Employees who opt in will gain access to:
- Lump-sum separation payments
- Extended health and life insurance
- Continuation of concessionary loan terms
- Pension arrangements
- Support for ongoing academic scholarships
Bank’s Position
According to NCB, the separation framework does not override existing redundancy rights and approvals will depend on operational requirements.
In a statement, the bank emphasised its approach:
“We remain committed to fairness, clarity, and respect in guiding our employees through this process.”
The announcement comes amid a period of strategic recalibration in the financial sector, with institutions seeking to balance operational efficiency while maintaining employee welfare.
