FG Moves To Halt Retrenchment In Banks


The  leadership of the As
sociation of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFE), has reiterated the need for the intervention of the federal government to halt further  retrenchment in the nation’s banking sector.
In a statement on Wednesday in Lagos signed by the National President, ASSBIFE, Comrade Sunday Salako, commended  the Minister of Labour and Productivity, Senator Chris Ngige for the federal government intervention by setting up committee which membership included  the representatives of banks, government and workers unions in the financial services sector to begin negotiation aimed at halting further sack  and retrenchment by the various banks.
Salako said that the impunity of the bourgeoisie that owned the banks must be checked and workers’ rights respected.
He said unilateral  sacking of the workers by the banks’ management without  consultation and negotiation with the industrial union must be discouraged by the federal government as the extant labour law of the country must be strictly adhered to. The  union leader  said that the country’s banking sector is today  witnessing a lot of unfair labour practices which  include unilateral  declaration of redundancy, casualisation, non-remittance of check off  dues as some of the  anti-labour Policies that characterized the nation’s banking sector.
The union president said that the union is committed to complementing the efforts of the government to tackle the problems  in the banks and put the sector on solid footing.