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Skye Bank Plc has sacked 50 more of its workforce as well as outsourced staff of their appointments.
Recall that Skye Bank Plc had in June, 2016 sent about 175 of its employees into the labour market. The development the Bank said the affected workers failed the year 2015 appraisal exercise.
Although the number of the affected non-core staff were not stated since they are not direct employees of the bank, the reasons for the exit, it was gathered ranged from performance, disciplinary issues as well as right sizing.
The management of the bank it was learnt has also approved payment of the entitlement and severance packages to those affected as contained in their engagement letter and as agreed with the workers union.
“The bank thanked the affected staff and expressed its appreciation for their work while in the employment of the organisation,” Skye Bank said in a statement Monday night.
“Part of the mandate of Skye Bank’s re-constituted board is to run a lean and efficient organisation; control cost; aggressively recover debts owed by debtors and grow deposit liabilities and shore the liquidity position of the bank,” it added.
Recall that Skye Bank Plc had in June, 2016 sent about 175 of its employees into the labour market. The development the Bank said the affected workers failed the year 2015 appraisal exercise.
Although the number of the affected non-core staff were not stated since they are not direct employees of the bank, the reasons for the exit, it was gathered ranged from performance, disciplinary issues as well as right sizing.
The management of the bank it was learnt has also approved payment of the entitlement and severance packages to those affected as contained in their engagement letter and as agreed with the workers union.
“The bank thanked the affected staff and expressed its appreciation for their work while in the employment of the organisation,” Skye Bank said in a statement Monday night.
“Part of the mandate of Skye Bank’s re-constituted board is to run a lean and efficient organisation; control cost; aggressively recover debts owed by debtors and grow deposit liabilities and shore the liquidity position of the bank,” it added.
