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Home Business News

Unity Bank Sacks 215 Nonperforming Staff As Bank Redirects Its Operations

Chacha Wabara by Chacha Wabara
September 15, 2016
in Business News, Politics, Spotlight
Unity Bank Sacks 215 Nonperforming Staff As Bank Redirects Its Operations
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  • About 215 staff of Unity Bank were yesterday laid off, with some preferring to resign.
  • Staff affected were across all cadres, with the 40% performance target as the yardstick used to decide those that were laid off, as the bank desires to o grow market share in viable clusters of the retail market.
  • 200 new staff were said to have been employed and 100 current staff promoted in addition with the bank’s partnership with Black Trituium, in order to actualize the new focus of the bank.
  • This decision, however, comes at a time when banks are struggling are struggling with profitability due to poor economic conditions.
  • Source: The Nation

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Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

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