Monday, 16 July 2012

Nigeria: Labour Raises Alarm Over Mass Retrenchment in Banks

Lagos — WORKERS in the banking sector have raised alarm over ongoing mass
retrenchment in the sector, saying no fewer than 9,000 workers have been retrenched in the last 12 months. Under the umbrella of the Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, labour named five new generation banks as alleged major culprits and lamented that the affected workers were disengaged without recourse to the subsisting procedural agreement.

In a statement by Emeka Ogene and Obukese Orere, ASSBIFI vowed that the full weight of labour movement would be brought against the banks should they continue to sack workers indiscriminately and fail to follow due process by meeting with organised labour to negotiate the full benefits of the already retrenched workers.Giving detail of the retrenchment, Orere said: "It is mind bugling and the process sadly has not stopped. In the last 12 months, the banks have disengaged over 9,000 workers. "It is a serious issue and organised labour will be forced to bring its full weight on the affected banks should they fail to meet with labour to discuss full payment of benefits to the affected workers in accordance with the industry's procedural agreement."According to the statement, "if the job loss in the finance industry between 2004 and 2008 was disturbing, the loss of jobs between 2009 and now is colossal.
"It is worthy of note that while the NDIC was set up to insure only depositors in the banks, no institution has been set up to take care of the workers in these organisations. "This loophole is now being capitalised upon by the CBN and the management of these various institutions, in their policies to arbitrarily terminate the appointments of their workers.
"Managements of banks are hereby called upon to respect the sanctity of the collective agreement as it affects redundancy and engage the national unions in dialogue. We hereby call on the managements of the banks that have recently disengaged their staff, to urgently engage the national unions in the sector for proper negotiation and urgent settlement of the full entitlements of their disengaged staff."

Culled from The Nigerian Vanguard Newspaper


In the last few years, a significant portion of Generation Y  has entered into the labour market and like many of us who have worked with or managed workforces in the last 5 years, we have noticed something: this crop of employees is unique being that generationY are both high-maintenance and usually high-performance.

Gen Y employees are known to be excellent team-players, multitaskers, and innovators. However, they may also seen as tricky to managing and self serving when unmotivated in a job. That is why the manager’s role in the workplace has ever increasing importance on the Millenials’ retention and performance.... read more


Good day everyone!!

Hope we all had a restful weekend? Did you get a chance to  unwind, relax by yourself or your family or your friends or all of the above? Did you have an opportunity to tackle your personal to do list or laze about to your satisfaction... in other words, do exactly what YOU wanted to do this weekend? Let me ask you a question though, when the weekend rolled around, how satisfied where you with the work you carried out? Where you elated to have an opportunity to sit back and do what you wanted to do or did you fret and carry guilt over a week that could have been more effective.

We all live like tomorrow is promised, and that smugness is a personal gift from God that he will give us life...however, what would you do different if you knew in the next 48 hours everything you touched would turn to Gold? What initiatives would you carry out? Lives you would touch? Business ventures you'd start or even marketing plans you would dust off and carry out?

For the next 48 hours, let us make a deal to start this week off with a BANG!! Let us work like everything we do will turn to Gold and bring results like nothing we have seen before. Attend every networking event you can find; pursue every client in your marketing plan; make your to do lists and power thru them; and most importantly, shower your family with love

Let us kick off this week with a momentum that will carry us through the week so that by Friday you and I can sit back and kick off our shoes with praise on our lips; a non alcoholic cocktail  in our hand; and the satisfaction that we utilized the last 5 days to the best of our ability.

Ladies, do not think that I have forgotten about you, loads of delicious articles, news, and events will be coming your way starting today!!! Stay blessed everyone