Committee on severance benefits for ex-Mainstreet workers begins work

on   /   in Labour 12:02 am   /   Comments

THE Committee set up by the Federal Government to within one month  work out the entitlements of the over 800 disengaged workers of the Mainstreet Bank, has begun work following its inauguration.

Pension and You gathered that the committee set up on September 17, by the Minister of Labour and Productivity, Chief Emeka Wogu, was inaugurated on Monday, September 24, one week after its announcement.

The former workers have been battling the management of the former Afribank, alongside organized labour in the banking industry, for their terminal benefits since June when they were sacked.

The Federal Government committee set up through the Minister of Labour and Productivity, Chief Emeka Wogu, to resolve the protracted severance issue which made organised labour to threaten the operations of the bank nationwide.

It will be recalled that Chief Wogu set up the committee on September 17, with a month deadline at a meeting involving the leadership of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), the management of the bank and the Asset Management Company of Nigeria, AMCON, work out the entitlements of the affected over 800 workers.

President of ASSBIFI, Comrade Sunday Salako, while speaking after the Septmber 17, meeting said a new committee that would work out the entitlements of the affected workers had been put in place by the meeting presided over by the Minister of Labour

He said “The Federal Government, after reviewing the presentations made by all parties involved in the looming crisis in Mainstreet bank saw  the need to settle the over 800 workers sacked by the management of Bank, therefore set up a Committee made up of officers from the Central Bank of Nigeria, CBN, the Ministry of Finance, the Nigeria Deposit Insurance Company, NDIC, the Asset Management Company of Nigeria (AMCON), Mainstreet bank and the two in-house unions in the affected bank, the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and the National Union of Banks, Insurance and Financial Institutions (NUBIFIE) to work out all the emoluments of the sacked workers from the defunct Afri Bank Plc within one month”

According to Salako, the Government the Mainstreet branch of ASSBIFI in collaboration with its national leadership had worked assiduously to find ways of ensuring that the actions of the management were reversed.

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