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Labour vows to resist pay cut by banks

By Funmi Komolafe
ORGANISED Labour in the nation’s banking sector, has kicked against any moves by the banks to cut the salaries of workers and vowed to resist such  with any means possible including industrial action.

Under the umbrella of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Labour wondered why the banks should be considering such ill-thought out option aimed at punishing workers for no crime of theirs at this critical period of difficulties.

Speaking to Vanguard on the reported plans by the banks especially the troubled banks to embark on salary cuts, which allegedly has been endorsed by the CBN Governor, Mr. Lamido Sanusi, a visibly angry Acting President of ASSBIFI, Comrade Sunday Salako, advised the banks to jettison the plans to avoid industrial unrest in the sector.

According to him: “Slashing workers salaries at this time? That will bring another trouble to the system. If the banks want trouble, we will give it to them.

We will not accept any salary cut especially a unilateral one for that matter. We will resist such moves by any means possible including industrial action. Why should the ordinary workers be made to suffer for the crimes they did not commit? We cannot understand why a poor man should be made to pay for the crime of a rich man. We will resist. I can bet that”

Comrade Salako implored workers in the banks,  not just the troubled banks, but all the banks to report any moves by their management to cut their salaries under any guise to the national secretariat of the association for immediate action.

HAPSSSA faults planned deregulation

ORGANISED Labour in the nation’s Hotel and Personal services sector of the economy, under the umbrella of the Hotel and Personal Services Senior Staff Association (HAPSSSA), has faulted perceived haste by the federal government planned full deregulation of the downstream sector of petroleum industry and called on the government to put all necessary pre-conditions in place before contemplating on the so-called deregulation

In a communique reached at the end an industrial relations summit, organised by HAPSSSA in Ibadan, Oyo State, participants, also called for the diversification of the nation’s economy

According to the communique signed by HAPSSSA’ President and General Secretary,Comrades Musa Tolly and Dele Dada respectively, “The participants decry the unwholesome manner by which the government intends to adopt in removing the subsidy on petroleum products without given consideration to the multiplier effects such an action will have on the economy.

The participants therefore cal on the government to ensure that the four refineries are made to work to maximum capacity and while palliatives measures are also put in place to cushion the effect of subsidy removal before contemplation of any deregulation.”

Labour social partners for MINILS summit

“Challenges of Labour Administration in the Era of Global Economic Meltdown: Implications for sustainable Development.” will be the topic for discussion at the annual labour summit organized by Michael Imoudu National Institute for Labour Studies ( MINILS), Ilorin, Kwara state.

Scheduled to hold Dec. 10, 2009, it will be a gathering of who is who in industrial and labour relations.

Expected at the summit are, a renowned scholar of Industrial and Labour Relations, Professor Sola Fajana of the University of Lagos will present the lead paper of the summit titled “Challenges of Labour Administration in the Era of Global Economic Meltdown: Implications for Sustainable Development.”

Other speakers include Comrade Hassan Sunmonu, Comrade S.O.Z Ejiofoh, and Mr. Olusegun Oshinowo, Director_General of the Nigeria Employers Consultative Association (NECA).


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