Unity bank lays off 215 workers

Unity bank lays off 215 workers

 

 

215 employees of  Unity Bank Plc, yesterday, were laid off due to their inability to cope with the new ideas and strategy of the company. A reliable source close to the bank disclosed that about 200 new hires were said to have been recruited by the bank to promote the transformation initiative that 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