Niger Delta
Union Laments Effects Of Recession On Job Security
The organised labour says decent jobs are gradually going into extinction while job security is being threatened on a daily basis by unstable and recessed economy.
President, National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Product Employees (NUCFRLNMPE), Mr Babatunde Olatunji, the said this last Tuesday at the 26th Annual Industrial Relations Seminar holding in Benin from August 21 to August 25.
According to Olatunji, the cause of job insecurity can largely be attributed to the inability of manufacturers to access foreign exchange for their business.
Recall that the Central Bank of Nigeria (CBN) gave concession of 60 per cent foreign exchange to the real sector following Vice President Yemi Osibanjo’s initiative on the Ease of Doing Business.
Also, speaking President, Manufacturing Association of Nigeria (MAN), Mr Frank Jacobs, said, “even though the preferential forex allocation was removed vide the forex policy of Feb. 21, 2017, the CBN has promised to continue to accord the manufacturing sector strong priority in forex allocation.”
Jacobs added that the preferential forex allocation regime brought increase in capacity utilisation into the sector as manufacturing activities were galvanised leading to an improved performance.
The president of the union insisted that in spite of CBN’s promise on forex, chemical and footwear workers have continued to lose jobs because of the difficulty in accessing forex being faced by employers.
“Many factories are operating far below installed utilisation. This makes management to deploy tactics of saving cost by reducing workers welfare,” Jacobs said.
He further decried the epileptic power supply that has continually sapped the gains of production from most manufacturers, while consumers have continued to bear the high cost of products.
Jacobs, therefore, appealed to the government to look into the issue of insecurity and the deplorable condition of roads which, he said, was impeding the growth and development of the manufacturing sector.
In his message, the Permanent Secretary, Edo State Ministry of Agriculture and Natural Resources, Mr Bashir Kadiri,said that investment was the only way to drive industrialisation.
Mr Akinbode Kolawole, first President of NUCFLNMPE, said the training was important because it represented a `passport’ that could move the workers and industry forward.
Kolawole said that without such training, it would be difficult for workers to be acquainted with the best practices for improve productivity.
No fewer than 500 workers from Vitafoam, Nigerite, Unilever, Nicil, Lafarge Cement, and Pure Chemical Ltd, among others, attended the seminar.
This year’s seminar has been tagged: `Emerging Industrial Relations Practices: Issues, Challenges and Way Forward.”
Niger Delta
Bishop Mocks Fake Prophecy Seekers … As Priests Relive Challenges At Ordination Ceremony
Niger Delta
Delta Leverages On Extensive River Networks To Drive Blue Economy
Niger Delta
C’River Hands Over Rubber Plantation to Private Company
-
Politics1 day ago
Bayelsa APC Hails Late Buhari As Change Agent In Nigerian Politics
-
News1 day ago
Shettima, Atiku, Obi Attend Buhari’s Fidau Prayer In Daura
-
News1 day ago
JAMB Uncovers 9,469 Fake Admissions In 20 Tertiary Institutions
-
News1 day ago
NAF Disowns Recruitment Adverts, Says It’s Fake
-
Nation1 day ago
Alumni, Others Launch Campus Care Initiative In Port Harcourt
-
News1 day ago
Rivers Chief Judge Frees 21 Awaiting Trial Inmates
-
Politics1 day ago
Natasha’s Counsel Writes Senate Over Court Judgment
-
Nation1 day ago
NIPR Practitioners Urge To Go Beyond Traditional Media Relations To Strategic Leadership Functions