Mass retrenchment: Labour hails FG over planned stakeholders’ summit

By Ehi Eweka

KADUNA

Organised labour has commended the Federal Government through the Minister of Labour and Employment, Senator Chris Ngige, for the intervention and planned stakeholders’ summit on the mass sack in the financial sector, saying the dialogue is aimed at ensuring job retention in the banking sector.

Speaking through the General Secretary of the National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGTWN, and a member of the National Executive Council of Nigeria Labour Congress, NLC, Issa Aremu, in Kaduna, Labour contended that the Minister’s intervention was consistent with the mandate of the Ministry of Labour to promote productive employment policies and programmes for employment generation.

Aremu, who is also Chairman, IndustriALL Global Union Sub Saharan Africa, decried the “negative unhelpful” reaction of the Director General of the Nigeria Employers’ Consultative Association, NECA, Mr. Segun Oshinowo, to the legitimize the flouting of the directive of the Federal Government to banks and other financial institutions to suspend further retrenchment of workers pending the proposed stakeholder’s summit.

According to him, employers of labour who often depended on government for favourable government policies for businesses to thrive could not “cry foul” when the same government tried to intervene to create favourable atmosphere for industrial fairness and harmony.

Aremu noted that at the best of economic times, it was an open knowledge that the banking sector had always been “a haven” for gross violations of Nigerian labour laws and ILO conventions on freedom of association and collective bargaining.

“Most banks thrive on precarious work treating workers as slaves,” he said.

He charged NECA which he hailed as “the best Employers’ Association in Africa” to promote industrial relations in the banks not to dogmatically defend bad practices from some of their members and said NECA as an active participant in ILO could not be celebrating “throw-away” labour force as solution to corporate mismanagement and corporate corruption in some banks.

Aremu commended Ngige for his sensitivity to the plight of the workers in the banking and financial sector, adding that he had shown that he was committed not only to creating jobs but to retain existing jobs in the country.

“All labour market actors namely, employers and labour need good governance to create level playing field in the world of work” he observed.

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