FG, banks, unions begin negotiations over unlawful retrenchment

I2016_06_23_99245n a bid to resolve the lingering retrench­ment and other ma­jor labour issues in the banking and financial institutions, the Federal Government in a crucial meeting with the sector’s organised labour unions (ASBIFFE & NUBUIFE) declared that banks and their employees must be ready to operate within the provisions of the Ni­gerian laws.
Bring the first of the three-stage meetings with the sector’s stake­holders, the Minister of Labour and Employ­ment, Sen Chris Ngige, said, “Our journey to­wards the resolution of the industrial disputes in the banking and finan­cial sector begins today. You may recall the series of petitions from the or­ganised unions in banks and financial institutions and individuals com­plaining of unfair labour practices which include illegal termination of appointments, forced resignations, unpaid exit emoluments and entitle­ments, non remittance of union check-off dues, prolonged casualisation, contract staffing and re­dundancy.”
Ngige explained that his experiences with the disputes in the financial sector compelled him to intervene and declare status quo ante-bellum on the 30th of May, 2016, where he directed banks to reverse all termina­tion of the previous four months while the unions were restrained from picketing the banks, pending the outcome of negotiations.
He, however, noted that the misinterpreta­tion of his directive to banks led to an invita­tion by the Senate Com­mittee on Banking and Financial Institutions, which agreed that the ministerial directives were proper and legally guided after his appear­ance with the banks and the unions and com­mended his approach to the matter.
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