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Union Bank plans revamp with massive layoffs

29 April 2014, 07:38

Lagos- Union Bank is laying off an undetermined number of staff as part of a continuous strategic review of the business.

The layoffs are significant according to Business World because "of whom they target: old staff of the bank.

The new management of the bank is trying to implement a policy, which is targeted at flushing out any ‘core’ staff of the pre-distress Union Bank across the nation.

Over a thousand workers were laid off last week. In 2013, 1500 old staff were sent packing.

Read more at  Business World

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