• Contact Us
  • About Us
Thursday, September 11, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Banking

Pressured First Bank Reacts To Alleged Sack Of 1000 Workers

metro by metro
November 25, 2019
in Banking, Economy
0
0
SHARES
0
VIEWS
FirstBank
FirstBank

Following threats of show down by the organised labour, First Bank of Nigeria Plc has  come out to debunk  an alleged plan to sack over 1,000 of its core workers without following due process., according to an online medium, The NewsGuru.(TNG)

The  organised labour   has threateded to shut down the operatio  of the financial institution., while some social media organisation over the weekend approaced the bank to vonform or deny the planned sack without response from the corporate communications  department
However,, according to TNG, the  bank said the affected work force in the  planned  rationalisation are  not core workers but those on contract and deployed by anothe firm.
Reacting on behalf of the  Bank, Managing Director of the contracting firm, a human resou outsourcing company, Whyte Cle Limited, Nireti Adebayo said they  did not contravene the labour llaw in disengaging the workers.
Adebayo said the company met indices and requirements for carrying  out the exercise.
She denied the accusations by t National Union of Banks, Insurance  and Financial Institutions Emplotees  (NUBIFIE) on the sack. The company  chief said the firm did not receive  any letter from the Ministry of La bour and Employment on the matter.
On the alleged violation of labou laws, Adebayo said: “That is not true. I am just hearing it for the  first  time. I am not aware of any letter  from the Labour Ministry and no letter was written to us.”
Asked if workers had been issued  retrenchment letters and on wha terms, Adebayo said she was at meeting and promised to respon the questions later.
Also, NUBIFIE, which is holding Bank responsible for the sack, said it would force the bank to respect labour laws.
The union said the financial institution must adhere to guidefelines l and negotiate good severance packages before sacking  the workers.
NUBIFIE President Anthony Abak said the union had written to all labour centres, including the Ministry of Labour and Employment, the Nigeria Labour Congress (NLC) the Association of Senior Staff o Banks Insurance and Financial Institutions (ASSBIFI) on the mat
“We believe in dialogue and collective agreement. Anything that is alie be unacceptable because we will not  support plans that will not be in interest of workers,” he said.
Abakpa added: “We have also communicated with our sister union in the bank, the ASSBIFI, so that all of us will be on the same page.
“The ministry has promised to see  the bank for a meeting. We got t know that they said the number is  not up to 1,000. But they are not denying that they have it in the pipeline to sack workers at this period of the year. We consider this unacceptable, most especially without carrying the union along.
The union leader said if the bank sacks the workers, NUBIFIE wou shut down the bank indefinitely.
“How will a bank just go ahead and  sack workers without due proceas  and without following the labour laws? If they do anything withou following the labour laws, it is a infringement on the rights of the workers and we are going to act swiftly,” Abakpa said.

Read Also

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

N149.39tn Debt: Reps Speaker, Abbas, Recants, Says Tinunu Committed To Responsible Borrowing

Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold

Tags: first bank
Previous Post

Finally, Buhari Acts, Orders Investigation Into murder of Kogi PDP woman leader

Next Post

Portfolio Investments Lead As Nigerian capital importation falls

Related Posts

Report Alleges Shortcomings Of Proposed Tax Reform Bills
Economy

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

September 11, 2025
Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold
Economy

N149.39tn Debt: Reps Speaker, Abbas, Recants, Says Tinunu Committed To Responsible Borrowing

September 9, 2025
Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold
Economy

Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold

September 8, 2025
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Economy

Why Nigerians Are Not Feeling Impact Of FG, CBN Reform Policies — Analyst

September 4, 2025
Next Post

Portfolio Investments Lead As Nigerian capital importation falls

Disquiet As Nigeria’s Naval Chief Disputes NNPCL, Petroleum Ministry’s Oil Theft Figures

Ex- NNPCL GMD, Kyari Leaves EFCC HQs After Questioning

September 11, 2025
NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

September 11, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version