Trade Unions in Nigeria’s financial sector have threatened to shut down banks nationwide from January 2, 2020 over the failure of employers to review the expired Collective Bargaining Agreement since 2007.
The workers representatives say the long notice is to allow the ministry of labour and the Central Bank of Nigeria prevail on employers in that sector to come to the negotiating table to avoid disruption of banking activities in the new year.
In addition to the refusal by employers in the financial sector to review the expired agreement, trade unions allege deliberate disrespect for human rights by some employers
On the recapitalisation of banks and insurance companies the workers’ representatives want regulators to be cautious,as any wrong move will lead to more job losses
Leaders of the Unions who spoke to journalists in Abuja encouraged workers to sharpen their skills to avoid job losses as the world of work is becoming digitalised and automated.
