News: Unity Bank Sacks 170, Recruits 300

Unity Bank Plc has announced the disengagement of over 170 staff and have also recruited over 300 new staff, mostly at entry level and experienced hires.

The exercise according to a statement from the bank, "is in a bid to right size its workforce and position the bank for sustainable quality banking services across its entire branch network."

Unity Bank said the development of the it's Human Resource is one of the key areas identified as part of the objectives that the lender's just concluded capital raising exercise will address Executive Director, Secretariat & Services, Mrs. Aisha Abraham, said:
"Our people are our greatest assets; we consistently strive for training and rejuvenation of our workforce - constantly introducing a steady mix of promising young talents and experienced professionals. Our goal is to be able to offer quality services to our customers through a team of dedicated and resourceful staff at all times."

The quest for this has according to the bank, led it to carry out "structural and personnel realignments with decision making and service delivery processes running along Strategic Business Units, a highly effective model-that is business focused, leading to specialisation, better understanding of the market and responsibility accounting."

This statement added, "is a deviation from the traditional geographic business unit structure and is one. of the changes the bank has adopted to ensure that it has a 360-degree view of the market and proffer solutions that fit its vision."

Mrs. Abraham also disclosed that the bank "is driven by the vision to be the retail bank of choice in the Nigerian banking industry."
Unity Bank, which has 240 branches spread across the country said the institution is "Nigeria's 7th largest bank by business locations." The lender had also recently declared a pre-tax profit of N7.9billion, representing an over 81 per cent increase in its half year unaudited accounts compared with the same period in 2013.

Source: New Telegraph