By Tope Musowo
Lagos
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has called on all banks embarking on mass downsising in the industry to halt action or risk being picketed.
The union stressed that incessant lay-off in the industry was not a solution to the challenges engendered by government policies and other economic factors.
NUBIFIE made this disclosure at a recent press conference held at its secretariat in Lagos.
Comrade Danjuma Musa, the President of the union, while addressing newsmen, noted further that the Ministry of Labour and Productivity, had to make a pronouncement then due to pressures mounted by NUBIFIE.
He argued that the mass retrenchment would rather create more problems in the in already saturated labour market.
“The mass sack is against the government’s intent of job creation as afforded in the campaign promises and due process in the advent of this action being be last resort is being compromised.
“Before the current economic malaise, banks have long been engaged in anti-worker activities at different levels of exploitation. The situation in banking sector is a fall-out of many years of un-banking practices.
