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".
Vanguardngr
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