Most of those affected were Staff in Outsourced Functions (SOF) comprising tellers, drivers and internal security guards, Thisday reports.
The bank in a statement on Monday night, October 31, said:The bank thanked the affected staff and expressed its appreciation for their work while in the employment of the organisation,”
The lender added 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.