Unity Bank Sacks 250 Staffs

   

Unity bank of Nigeria yesterday terminated the appointment of 250 of it's staff in what was consider a restructuring strategy for better performance.


The workers were sacked for their inability to cope with the new ideas and strategy of the institution according to a source.
The bank said the new focus of the bank’s business has led to significant enhancement of human capital in its various business units. This is with a view to injecting fresh ideas, initiatives and energies to strengthen the various departments of the bank with capabilities to pursue the attainment of strategic business focus in the Agricultural financing, retail/SMEs and development of rural economy.

” About 200 new hires were said to have been recruited by the Bank to drive the transformation initiative began by the Management in the last one year while about 100 other staff were said to have been promoted recently.

Meanwhile, some members of staff numbering about 215 have been allowed to go in an exercise that will enable the Bank realign its operation to pursue its long term growth strategy. However the affected staff were said to have exercised the option to resign while Management has approved severance package in line with the bank’s policy.”