Skye Bank exits 50 employees, outsourced staff

There are indications that about 50 staff members of Skye Bank and staff in outsourced and auxiliary functions have been exited from its employment.

Although the numbers of the affected non-core staff were not stated since they are not direct employees of the bank, the reasons for the exit as gathered ranged from performance, disciplinary issues as well as  right sizing.

Most of the affected are Staff in Outsourced Functions (SOF) comprising Tellers, Drivers and Internal security guards.

The Management of the Bank it was learnt had also approved payment of generous 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.

It would be recalled that 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.

Skye Bank, designated by CBN as one of Nigeria’s eight Systemically Important Bank (SIB), is one of Nigeria’s leading retail and commercial banks with over 373 branches and cash centers across Nigeria offering premium financial services, with subsidiaries in the West Coast of Sierra Leone, The Gambia and Guinea.