Skye Bank Nigeria as assisted to the raising rate of unemployment in the country by sacking more of its work force. The recent trend of retrenchment of
workers in the financial services sector on Monday extended to Skye Bank
Plc, which sent 175 of its employees into the labour market.
The bank confirmed the development in a
statement through which it explained that the affected workers failed
the year 2015 appraisal exercise.
The statement explained that a
combination of factors was taken into consideration in the annual
exercise, which ranged from low productivity to disciplinary issues,
adding that the affected employees were duly exited in line with the
bank’s staff exit policy.
The statement read in part,
“The staff disengagement exercise is coming a year after the bank’s successful integration with the erstwhile Mainstreet Bank, which it acquired in October 2014; the integration exercise described by analysts as a landmark in Nigeria’s banking industry has significantly improved Skye Bank’s ICT capacity and helped strengthen the bank’s service delivery.
“The bank extended its appreciation to the affected staff for serving the bank, describing them as members of the family who will always be accorded deserving respect in their future dealings with the bank.”
According to the statement, Skye Bank is
adjudged by the Central Bank of Nigeria as one of the systemically
important banks with over N1.3tn balance sheet, and has over 400
branches.
Skye Bank sacks 175 Nigeria workers
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