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
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”.