Skye Bank Plc has promoted over 300 of its employees under the 2016 annual staff performance review exercise.
The promotion is said to cut across several cadres up to the managerial level, and is in line with its effort to reward staff members who performed creditably in their various roles during the past financial year.
The bank also announced that it compensated some staff members in the senior management cadre with monetary rewards for their diligence and productivity, while a handful of staff members who failed in the performance appraisal exercise on account of poor performance were sacked.
There are reports that about 55 persons were sacked by the bank. While some executive directors of the bank also voluntarily resigned from its services.
The management of the bank, in a statement, said it has since approved payment of the entitlement and severance packages to the exited staff as contained in their engagement letters and as agreed with the workers’ union.