Nigerians have condemned the recent sacking of a large number of staff of United Bank for Africa UBA, adding that it is a bad omen for the new year.
More than one thousand staff of United Bank of Africa UBA were relieved of their duties on Friday January, 3, 2019.
No reason was given for the decision taken by the management of the finance institution that prides itself as the Pan African Bank.
Reports suggests that the reason for the sack was to accommodate new workers as the bank recently employed close to one thousand staff before the festive period.
Other sources say 5,000 staff of the Bank started the new year with a lot of cheer as the bank announced its promotion to new grades as well as salary upgrades with immediate effect this January.
Those who are beneficiaries of this exercise will receive up to 170% increase in their salaries and benefits, whilst a good number have been moved to higher grade levels.
The upgrade and employment must have been the reason behind laying off thousands of staff inexplicably just few days after New year.
It will be recalled that banks in Nigeria do set target for their workers, which If they fail to meet results to termination of contracts.
Nigerians however want a lasting solution to the incessant sacking of staff by Banks in the country, they also warned the government that will lead to so many families illegally sourcing ways to survive.