The management body of Unity Bank Plc has reportedly sacked over 200 members of its workforce.
Sources close to the bank revealed that the retrenchment was due to workers’ inability to cope with the latest development instituted by the bank.
The source told news agency, Vanguard that “about 200 new hires were said to have been recruited by the Bank 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 source further added: “Meanwhile, 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.”