Friday 10 June 2016

Banks Suspend Mass Sack Of Employee

 
The Chief executives of the banks in Nigeria have agreed to suspend the plan mass sack of workers at the end of Bankers Committee meeting Thursday in Abuja.

The decision was taken at a meeting they had in Abuja yesterday June 9th.

Addressing newsmen at the end of the meeting, the Managing Director/CEO of Standard Chartered, Nigeria,  Mrs Bola Adesola, said
obviously the banks understand the implication of people not being in employment and will suspend their mass retrenchment plans but will not hesitate to fire any of its worker who under-performs.

    “We know what the situation is like in the country, so we are looking of the ways of ensuring that we minimise any exits from our institutions. 

There will always be exit as you know, there are issues of fraud and scam but, as a matter of fact, is something that we discussed in the past where the governor prevailed on the banks to minimise any exit from the institutions. 

So we noted the market sentiments and I am sure, going forward, it will be different. And, like I said, we must also recognise that there will be reasons why people will leave and it is not only in the banking industry, even the telecom industry had this type of situation before. But it’s something that we should manage.” she said

The minister of labour and productivity, Chris Ngige has earlier threatened to revoke license of any bank that continue with the mass sack of workers early this week.

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