Impact of Environmental Factors on Organizational Restructuring in the Banking Sub-Sector of Nigeria

Abstract

This paper examined the impact of environmental factors on organizational restructuring in the banking sub-sector of Nigeria. The results revealed that there is no significant difference in the evaluation of environmental factors that influence restructuring across banks. Furthermore, significant relationships exist between environmental factors and the restructuring of banks, which implies that as the environment changes, banks are expected to proactively make internal adjustments that would sustain their competitive advantage. The results also showed that there is a significant effect on human resources as a result of bank restructuring, thus implying that restructuring leads to continuous downsizing, redundancy and job losses among bank employees.

Keywords: Restructuring; Environmental Factors; Banks; Nigeria