76 Views

Unity Bank Sacks 215 Workers For Repositioning Strategy

According to a report by Vanguard, Unity Bank Plc, has on Wednesday, September 14, sacked not less than 215 of its employees as part of its re-engineering strategy for greater performance.
Information gathered from sources close to the bank, revealed that the workers were sacked for their inability to cope with the new ideas and strategy of the institution.
The bank source disclosed further that the new focus of the bank’s business has led to significant enhancement of human capital in its various business units.
This is with a view to injecting fresh ideas, initiatives and energies to strengthen the various departments of the bank with capabilities to pursue the attainment of strategic business focus in the Agricultural financing, retail/SMEs and development of rural economy.
According to the source, “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 said that some members of staff numbering about 215 were 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.
Meanwhile, some of the sacked workers have alleged injustice in the way they were relieved. They dismissed the“reengineering strategy” reason being sold to the public by Unity Bank, insisting that the downsizing was a deliberate action to cut staff strength to reduce cost.
Most of those sacked were branch managers and senior staff. A source, said: “There were no signs that such action was contemplated before we proceeded on the Salah break. 
 
“But we came in this morning (yesterday) strategising on how to go about the remaining days of the working week, when the letters dropped on the email box of the affected persons.”
They’re said to have been sacked for their inability to cope with the new ideas and strategy of the institution. 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.
About 200 new hirees were said to have been recruited by the Bank to drive its transformation initiative, while about 100 other staff were said to have been promoted recently.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

President Buhari Reveals How He Will End Herdsmen Killings
Politics
21 views
Politics
21 views

President Buhari Reveals How He Will End Herdsmen Killings

MT - January 23, 2018

President Muhammadu Buhari yesterday assured Nigerians that the rising attacks on communities by herdsmen will soon be brought under control by security forces deployed to the vulnerable…

List Of 16 States Ready To Establish Cattle Colonies For Herdsmen
Politics
28 views
Politics
28 views

List Of 16 States Ready To Establish Cattle Colonies For Herdsmen

MT - January 23, 2018

Sixteen states in the nation have agreed to establish cattle colonies for herdsmen. The establishment of cattle colonies was an idea proposed by the federal government to…

BBOG Convener, Aisha Yesufu, Lists “Why President Buhari Is Corrupt”
Politics
36 views
Politics
36 views

BBOG Convener, Aisha Yesufu, Lists “Why President Buhari Is Corrupt”

MT - January 23, 2018

Convener of the Bring Back Our girls group, BBOG, Aisha Yesufu has listed various ways she believes President Muhammadu Buhari's administration encourages corruption. On Tuesday, Aisha attacked…

Daughter Of The “Dancing Senator”, Adeleke And Davido’s Cousin Wows In New Pics
Politics
36 views
Politics
36 views

Daughter Of The “Dancing Senator”, Adeleke And Davido’s Cousin Wows In New Pics

MT - January 23, 2018

Nike is the beautiful daughter of Senator Ademola Adeleke ''the dancing senator'' who is Davido's uncle. She shared the new photos on the gram. See another below

This Year, I Will Invest In More Valuable Properties Rather Than In Expensive Bags – Danielle Okeke
Entertainment
33 views
Entertainment
33 views

This Year, I Will Invest In More Valuable Properties Rather Than In Expensive Bags – Danielle Okeke

MT - January 23, 2018

Nollywood actress Danielle Okeke says her new dawn in 2018, is to invest in more valuable properties rather than in expensive bags..... Hmmm Hope this aint no shade?…

PHOTOS: Couple Rock In Their Secondary School Uniform For Their Pre Wedding Photo Shot
Inspiring
35 views
Inspiring
35 views

PHOTOS: Couple Rock In Their Secondary School Uniform For Their Pre Wedding Photo Shot

MT - January 23, 2018

Below are beautiful photos of a couple who rocked their secondary school uniform for their photo-shoot, and it’s simply amazing!

Lovely Photos From Peter Okoye’s Daughter, Aliona 5th Birthday Party As Friends Join To Celebrate
Entertainment
40 views
Entertainment
40 views

Lovely Photos From Peter Okoye’s Daughter, Aliona 5th Birthday Party As Friends Join To Celebrate

MT - January 23, 2018

Peter Okoye's daughter, Aliona turned 5 on Monday, January 22, 2018, and she sure did have fun with her friends. The beautiful daughter and second child of…

How Pregnant Young Girls Between Ages Of 8 – 13 Years Are Causing A Scene In Calabar
Shocking
50 views
Shocking
50 views

How Pregnant Young Girls Between Ages Of 8 – 13 Years Are Causing A Scene In Calabar

MT - January 23, 2018

Images of girls between the ages of eight and 13 years with protruding stomachs, noticeably pregnant, are familiar sights in Calabar and other parts of Cross River…

That Mesmerizing Moment Davido Allows Female Fans Touch Him While On Stage (Video)
Entertainment
47 views
Entertainment
47 views

That Mesmerizing Moment Davido Allows Female Fans Touch Him While On Stage (Video)

MT - January 23, 2018

Fans and the way they adore and show love to celebrities when they meet each other… Davido is no stranger to such love and he took it…

Nigerian Women
38 views

OAP Toolz Visits Bakassi IDP Camp In Maiduguri (Video)

PH - January 23, 2018

The boiling Borno State capital, Maiduguri is one of the places in the north east that many dread to visit, especially if they do not have to…

L’Oreal Hijab Model Pulls Out Of Campaign After Backlash
Fashion
34 views
Fashion
34 views

L’Oreal Hijab Model Pulls Out Of Campaign After Backlash

PH - January 23, 2018

The model who was supposed to be the first woman in a hijab to be part of a mainstream advert for hair care has said she's pulling…

Cattle Colonies; Meet The Igbo Man Who Breeds Cows And See How He Does It. Photos
Business
51 views
Business
51 views

Cattle Colonies; Meet The Igbo Man Who Breeds Cows And See How He Does It. Photos

MT - January 23, 2018

Following the trending Fulani herdsmen issue which has been rocking the country for some time now, sixteen Nigerian states have agreed to establish cattle colonies proposed by…

4 Ways To Turn Down A Guy Without Sounding Offensive
Romance and Love
39 views
Romance and Love
39 views

4 Ways To Turn Down A Guy Without Sounding Offensive

PH - January 23, 2018

1. MY PAST STILL KEEPS ON HAUNTING ME  I am already committed. One of the most common ways to reject a guy’s proposal is this. This line…

Super Eagles Eye Quarterfinal Spot
Sports
38 views
Sports
38 views

Super Eagles Eye Quarterfinal Spot

PH - January 23, 2018

All is set for the home-based Super Eagles to progress to the quarterfinal of the African Nations Championship (CHAN) if they avoid defeat in their final group game against Equatorial Guinea.…

Another Boyfriend Rejects Marriage Proposal From Girlfriend (Photos, Video)
Romance and Love
62 views
Romance and Love
62 views

Another Boyfriend Rejects Marriage Proposal From Girlfriend (Photos, Video)

PH - January 23, 2018

Another girlfriend's has proposed to her boyfriend in Lagos, and the boyfriend said no. Dramatic proposal In a fresh clip that has just surfaced online on Monday,…

This Is Why It’s Important To Always Obey Traffic Light. See Photos
Shocking
53 views
Shocking
53 views

This Is Why It’s Important To Always Obey Traffic Light. See Photos

MT - January 23, 2018

The Rapid Response Squad has urged Nigerians especially Lagosians to obey traffic lights and stop endangering their lives because the consequences might be costly to bear. According…

These Might Be Why Your Child Has Lost Appetite
Food and Health
41 views
Food and Health
41 views

These Might Be Why Your Child Has Lost Appetite

PH - January 23, 2018

1. Slow Growth Rate: Changes in growth can cause an appetite slump in children. During the first year, children grow rapidly. But after the first birthday the…

Few Photos From Peter&Lola Okoye’s Daughter, Aliona’s 5th Birthday Party
Entertainment
46 views
Entertainment
46 views

Few Photos From Peter&Lola Okoye’s Daughter, Aliona’s 5th Birthday Party

PH - January 23, 2018

Peter Okoye and his wife, Lola Omotayo threw a birthday party for their daughter, Aliona, who just turned 5. All her cousins were in attendance to celebrate the…

Loading...