Online advertising company & best Digital marketing agencies in Nigeria, Trusted Social Media marketing agency & leading Internet marketing company in Africa

News and information on the best Digital marketing agencies in Nigeria, Online Advertising Companies, Branding & Public Relation

Unity bank fires 215 staffs

Unity bank fires 215 staffs

UNITY BANK FIRES 215 STAFFS

BY OMOKHUALE PUAH

Unity Bank Plc Wednesday sacked 215 members of staff, reducing over 2000 workforce.

This exercise was to support lenders, blend into their operation and enhance a long term growth strategy, since the lender last May, forged a strategic alliance with Black Trituium, equity and investment fund manager.

Due to further fears, some of the downsized members of staff offered their resignation letters, as the management approved numerous packages for them, with reference to the bank’s policy.

According to investigated report, those affected by the sack are those that achieved less than 40 percent performance target, which affected the overall profit of the lenders in recent years.

This sack which involved all cadres of unity bank including the junior cadre, middle cadre and even the management positions, happened at the time which most banks are in struggle with low productivity, in a harsh economic conditions, coupled with the several risks from crude oil price.

Also, the bank is really in need of specialists to add up its workforce, due to the relocation of its head office to Lagos, which is part of the plans of growing market share in viable clusters of the retail market.

According to an unknown source, “This new focus of business has led to an enhancement of capital, in various units”.

This view was means incorporating fresh ideas, initiatives and energies in strengthening its various forms, alongside pursuing the attainments of strategic business focus in agriculture, Small and Medium Enterprises (SMEs) in the development of rural economy.

$15m sustains dame patience’s health, who died but...
MTN EARNS $1.3BN LOAN

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 22 November 2017
If you'd like to register, please fill in the username, password and name fields.
Casino sites http://gbetting.co.uk/casino with welcome bonuses.