Unity Bank Sacks 215 Staff
Unity Bank Plc, on Wednesday laid off 215 staffs as part of its reengineering strategy for greater performance.
According to our source that pleaded anonymity, the categories of workers affected comprised branch managers, staff in the debt recovery department, senior banking officers (SBOs) and Zonal legal officers of the bank.
The human capital department of the bank communicated the retrenchment of the affected staff to the individuals, yesterday, advising the sacked workers to hand the bank’s belongings in their possession.
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The source also said “There were no signs that such action was contemplated before we proceeded on the Sallah break. But we came in this morning (yesterday) strategising on how to go about the remaining days of the working week, when the letters dropped on the email box of the affected persons.”
Meanwhile, a management source said the lender hired 200 new staff 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.
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.”
Commenting on this development, industry source asserted that the exercise carried out by the bank was part of the hard choices that forward-looking organisations desiring optimum performance had to take from time to time to enable it deliver consistently on shareholders expectations.
