Mass sack: Banks get 21 day ultimatum

– Labour threatens to cripple operations in the banking sector by picketing banks that indulge in further mass sack of their employees

– Supports the threat by the federal government through the minister of labour and employment, Senator Chris Ngige, to withdraw the licenses of banks that breached its directive to halt further retrenchment

– Deposit Money Banks, under the aegis of Bankers Committee have agreed to halt further mass sack in the industry

Following the ongoing mass retrenchment of workers in the Nigerian banking sector, the organised Labour has issued a 21 day ultimatum to the affected banks to recall the sacked workers or risked unprecedented industrial action.

According to Vanguard, the leaders of the Nigeria Labour Congress (NLC), Ayuba Wabba, and the Trade Union Congress of Nigeria (TUC), Bobboi Kaigama, at a joint briefing in Geneva, on Thursday, June 9, vowed to cripple operations in the banking sector by picketing banks that indulge in further mass sack of their employees.

Speaking at a briefing at the venue of the on-going 105th International Labour Conference, (ILC) in Geneva, Switzerland, the labour leaders supported the threats by the federal government through the minister of labour and employment, Chris Ngige, to withdraw the licenses of banks that breached its directive to halt further retrenchment.

They said:”We will picket them to show them that they do not have monopoly of law of disobedience.”

Both Ayuba Wabba and the TUC President, Bobboi Kaigama, argued that it was not the responsibility of the Senate committee on banking to invite the minister and others for a meeting since the issue fell within industrial relations.

In related news, Deposit Money Banks, under the aegis of Bankers Committee have agreed to halt further mass sack in the industry.

The decision was announced at the end of the 327th Bankers Committee meeting in Abuja, Thursday, June 9.

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