KINGSTON, Jamaica — The National Commercial Bank (NCB) has announced the introduction of a Voluntary Separation Programme (VSP) for eligible staff members across its operations and wholly-owned subsidiaries in Jamaica. The initiative, which will be available from September 23, 2025, to September 29, 2025, is entirely optional and aims to assist employees who are considering alternative career paths or opportunities outside the bank.
Participants in the VSP will be entitled to a comprehensive package of financial and transitional benefits. These include severance payments, extended health and life insurance coverage, concessions on staff loans, flexible pension options, and the continuation of existing scholarships. NCB has clarified that the programme is not a replacement for redundancy provisions and is unrelated to employee performance. Approval for participation will be contingent on the bank’s business needs.
In a statement, NCB emphasised its commitment to fairness, transparency, and respect throughout the process. ‘We deeply value the contributions of all our employees and remain dedicated to supporting our team members during this transition,’ the bank stated. The VSP reflects NCB’s proactive approach to workforce management while maintaining its focus on operational efficiency and employee welfare.