Skye bank sacks 200 workers despite FG directives, says the workers failed 2015 appraisal

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Skye bank sacks 200 workers despite FG directives, says the workers failed 2015 appraisal

Barely 24 hours after the Federal Government issued directives to banks through the minister of LAbour and employment, Mr Chris Ngige to stop retrenchment of staffs, Skype bank ahs sacked 200 workers.

According to a report by TheCable, the financial institution has la!d off over a hundred staff with full benefits paid to affected staff.


However Skye bank has defended the action saying that the sacked staffs failed their 2015 appraisal exercise.

In statement released to Punch news, the bank said the staffs were duly la!d off in line with the banking exit policy.

“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.'