Banks Get 21-Day Ultimatum Following Massive Retrenchment


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Following the massive retrenchment ongoing in the financial sector, the Organised Labour in Nigeria has issued a 21-day ultimatum to the affected banks to recall the sacked workers or risked unprecedented industrial action.

The labour leaders vowed to cripple operations in the banking sector by picketing banks that indulge in further mass sack of their employees.

This was revealed by 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.

Speaking at a briefing at the venue of the on-going 105th International Labour Conference, (ILC) in Geneva, Switzerland, the leaders declared support for the federal government’s proposed withdrawal of licenses from banks that breached its directive to halt further retrenchment.

“We will picket them to show them that they do not have monopoly of law of disobedience.” The labour leaders said.

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