TSA: Labour warns Banks against retrenchment

Organized Labour in the nation’s banking industry, yesterday in Lagos, said that it would not accept a situation where workers were used as a sacrificial lamb over the Federal Government new Treasury Single Account, TSA, policy.

Operating on the platform of the National Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, labour lamented that there is the fear of massive loss of jobs in the media and among banks workers as one of the consequences of the TSA by Federal Government

A release by NUBIFIE’s President and Deputy General Secretary, Danjuma Musa and Etim Okon, respectively, advised the banks to among others, strategise and devise urgent means of overcoming this federal government challenge to their existence in business.

NUBIFIE warned operators in the finance industry that any attempt to sack members without due process would be resisted, saying; “As a union, we sympathise with the banking community due to the effect of the federal government decision in its daily operations.”