Unity Bank Plc fires 215 Employees

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”.

Source: Vanguard Newspaper

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