In spite of pleas by the Federal Government to financial establishments recently not to lay off staff, the Management of Skye Bank plc on Monday sent 175 of its employees into the labour market.
The bank in a statement explained that the affected workers failed the year 2015 appraisal exercise, and that a number of factors were taken into consideration in the annual exercise, which ranged from low productivity to disciplinary issues.

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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.
“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.”

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