Unity Bank Sacks 215 Nonperforming Staff As Bank Redirects Its Operations
Chacha Wabara
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.
