Close Menu
TheSightNewsTheSightNews
  • Home
  • News
  • Business
  • Politics
  • Entertainment
  • Sports
  • World News
  • Interviews
    • Press Release
What's Hot

Africa Finance Corporation Appoints CBN Governor, Cardoso as Chairman of the Board

October 15, 2026

INEC unveils AI safeguards, says Nigerians will decide 2027 elections

October 15, 2026

INEC Explains Omission of Some Candidates from 2027 Governorship List

October 15, 2026
Facebook X (Twitter) Instagram
  • About Us
  • Adverts & Enquiries
  • Contact Us
  • Our Services
Facebook X (Twitter) Instagram
TheSightNewsTheSightNews
  • Home
  • News
  • Business
  • Politics
  • Entertainment
  • Sports
  • World News
  • Interviews
    • Press Release
Subscribe
TheSightNewsTheSightNews
Home»Business»NLC to First Bank: Suspend Plans to Retrench Over 1000 Staff Or We’ll Take Action
Business

NLC to First Bank: Suspend Plans to Retrench Over 1000 Staff Or We’ll Take Action

TheSightNews .By TheSightNews .December 2, 2019No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Email WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email

Following plans by the First Bank of Nigeria PLC to embark on a mass retrenchment of over one thousand members of its staff, the Nigeria Labour Congress [NLC], has charged the Bank’s management to immediately suspend such plans.

The Congress in a letter to the Bank by the NLC President, Comrade Ayuba Wabba, said that it is disheartening that the mass retrenchment billed for the end of November 2019 targets workers whose ages range between 35 and 55 years, and who have put in an average of 5 years in the services of First Bank Nigeria PLC.

He further revealed that the workers being listed for what he termed ‘unjust, and inhumane’ treatment by the bank, have been categorized as “outsourced workers”.

According to him, “The information available to us indicates that First Bank of Nigeria PLC, by its plan to retrench over one thousand of its staff and without adequate and commensurate severance benefits, is in severe breach of the extant provisions in our labour laws.

“We also understand that the management of First Bank of Nigeria PLC has refused to enter into dialogue with National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), which is the workers’ representative trade union organization.

“We wish to remind the management of First Bank of Nigeria PLC that workers are not commodities to be used and tossed aside at will”.

The Congress demanded that the Bank’s management should ensure genuine engagement on this issue with her affiliate, NUBIFIE, which is the workers’ representative organization; and to also ensure adequate measures are taken, to re-assure workers of First Bank Nigeria PLC of the bank’s commitment to protect their rights at work.

“We wish to posit that if First Bank of Nigeria PLC fails to give due consideration to our demands, we would be left with no other option than to adopt time tested trade union measures to protect the interest and welfare of workers in your organization”, he said.

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Related

First Bank PLC NLC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
TheSightNews .
  • Website

Related Posts

Africa Finance Corporation Appoints CBN Governor, Cardoso as Chairman of the Board

October 15, 2026

PremiumTrust Bank Abuja Half Marathon Returns November 14

October 15, 2026

ACCI Seeks Fair Competition, Stronger Protection for Local Businesses

October 14, 2026

World Bank President Commends Nigeria’s Economic Reforms, Cites Rise in Capital Inflows

October 14, 2026
Add A Comment
Leave A Reply

You must be logged in to post a comment.

Advertisement
Advertisement
Recent Post

Africa Finance Corporation Appoints CBN Governor, Cardoso as Chairman of the Board

October 15, 2026

INEC unveils AI safeguards, says Nigerians will decide 2027 elections

October 15, 2026

INEC Explains Omission of Some Candidates from 2027 Governorship List

October 15, 2026

Oyetola, Ghanaian Minister Seek Stronger Cooperation Against Illegal Fishing

October 15, 2026

PremiumTrust Bank Abuja Half Marathon Returns November 14

October 15, 2026
Security

Defence Ministry Recommits to Technology Innovation

October 14, 2026

Nigeria Condemns Houthi Attack on Saudi Airport, Mourns 12 Victims

October 12, 2026

Nigeria Seeks Stronger, Better-Funded African Peace and Security Architecture

October 10, 2026

Subscribe to Updates

Get the latest information from The Sight News.Stay Connected

About Us
About Us

Your source for factual information. We pride ourselves in publishing objective news always

We're social. Connect with us:

Facebook X (Twitter) Instagram
Services
  • About Us
  • Adverts & Enquiries
  • Contact Us
  • Our Services
Coverage
  • Donate
  • News

Subscribe to Updates

Get the latest,Factual news from all over Nigeria and the world at large. With us , you are never misinformed

© 2026 The Sight News.
  • Home
  • News
  • Business
  • Politics
  • Entertainment
  • Sports
  • World News
  • Interviews
    • Press Release

Type above and press Enter to search. Press Esc to cancel.