Breaking News
Translate

Reps endorse mass sack in banking sector

By Tordue Salem

ABUJA—The House of Representatives has rejected a motion seeking a reversal of the decision of bank employers to lay-off some of their workers.

The Green Chamber had through a voice vote thrown out a Motion brought to plenary by Rep. Kayode Idowu (PDP/Osun) to investigate the mass sack with a view to reversing the purge.

The sponsor of the motion had argued “the mass lay-off of employees in the banking sector started when the new management appointed by the Central Bank assumed office; and aware that investigations across the concerned banks revealed that the criteria adopted in laying off the affected staff could not be determined as the sack cut across different cadres of the banks’ workforce”.

Mr. Idowu stressed that the sack by banks was a major “policy somersault” on the part of the government of President Umaru Yar’Adua and must be redressed, but majority of his colleagues who differed argued otherwise.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.