Guaranty Trust Bank Plc has sacked 100 workers in the just concluded annual appraisal exercise of the bank for the 2013 financial year.
The bank said, in a statement made available to our correspondent on Sunday, while 100 workers were sacked, 500 workers were promoted.
It said, “The exercise resulted in rank elevation for over 500 employees that put in an exceptional performance during the year. In line with international best practice, 100 employees whose performance fell below the bank’s minimum performance grid were eased out of the bank’s employment in a bid to maintain service quality standards, promote customer satisfaction and enhance the GTBank brand experience.”
The statement quoted the Chief Executive Officer, GTBank, Mr. Segun Agbaje, as saying that the bank had a highly competitive culture where exceptional performance, innovativeness and professionalism were recognised.
He said a critical reason for the bank’s success over the years was employed quality. This, he said, was why the institution paid keen attention to employee performance and institutes various types of training to promote personal development.
Agbaje stressed that the bank was committed to providing its stakeholders with exceptional service and would continue to seek the best in human capital and train them aggressively towards this end.