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Skye Bank sacks 175 workers

07 June 2016, 10:02

Lagos - Skye Bank Plc has laid off 175 of its staff in spite of the directive issued by the Minister of Labour and Employment, Dr. Chris Ngige, last Friday that banks should put on hold the current gale of retrenchment sweeping through the banking industry.

In a press statement issued on Monday, the bank attributed the retrenchment of the affected staff members to their failing the bank’s appraisal exercise held in 2015.

According to the statement a combination of factors was taken into consideration in the annual exercise which ranged from low productivity to disciplinary issues.

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.

Also read: Ecobank fires 1 000 workers

“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.”

Last week, Diamond Bank Plc retrenched over 200 members of its workforce, while Ecobank Nigeria sacked over 1 040 of its employees, in response to the difficulties in the economy.

- News 24


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