Unity Bank Plc allegedly sacked 215 of its
employees yesterday due to their inability to
cope with the new ideas and strategy of the
company. According to a source close to the
bank, about 200 new hires were said to have
been recruited by the bank to promote the
transformation initiative hat was initiated by
the management within the past year.
The source also told Vanguard that about
100 other staff members were said to have
been promoted recently.
The source also said:
"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".
Vanguard
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