Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected staff were disengaged, following decision on outstanding disciplinary cases, while some were sanctioned for various acts of misdemeanour.

Meanwhile, the bank has recruited another 150 graduates to reinvigorate its workforce.  The newly employed staff, which include about 70 of the bank’s current temporary/out-sourced staff, were selected after recruitment procedures and they are to undergo a five-week induction programme at different locations across the country.

This will prepare them for the challenges of banking and to integrate them into the bank’s culture of professionalism and best ethical practices.

The bank had earlier employed 500 fresh graduates as part of the efforts to regenerate its human capital, while the management reassured customers and other stakeholders of its commitment towards positive and progressive transformation of the bank to maximise the opportunities presented in the industry.

Source: Tribune