Business & Finance

Unity Bank Sacks 215 Employees

Unity Bank Nigeria

Unconfirmed reports from Vanguard claim that 215 workers of Unity Bank Nigeria Plc have been sacked.

According to an industry source, the workers were let go in a restructuring exercise.

“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 person said.

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“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.”

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