Labour Union React To The Sack Of 1,000 EcoBank Staff

By Ikenga Chronicles July 12, 2019

Labour Union React To The Sack Of 1,000 EcoBank Staff

Nigeria’s Organised Labour yesterday, reacted to the recent sack of about 1000 workers by Ecobank Plc by shutting down their Lagos Head Office.

The Labour Union also promised to extend the protest to all of the bank’s operations in Lagos today (Friday) and nationwide from Monday should the management fail to pay adequate severance packages to the sacked employees.

Thursday’s picketing commenced at about 7 a.m with members of the Organised Labour cutting across all affiliates of the Nigeria Labour Congress (NLC) blocking the main entrance of the bank’s premises thereby preventing its operational vehicles from gaining entrance to offices. 

The union’s action debarred customers and workers of the bank who came in after 7a.m from gaining entrance into the headquarters of the Pan African bank.

A staff of the bank who pleaded anonymity said the bank must have lost millions of naira due to yesterday’s picketing.

Meanwhile the disengaged workers had teamed up with the National Union of Banks Insurance and Financial Institutions (NUBIFIE),  at the picketing exercise by displaying placards with inscriptions like “Ecobank pay N120,000 for 12 years services”, “Ecobank pay our entitlements”, “Ecobank worst employer of labour”, “Ecobank pay peanuts for workers service” among others.

The President of the union, Comrade Anthony Abakpa, who led the picketing initiative said it became necessary to protect the interest of the workers who had put in valuable parts of their life to grow the bank and were just being dismissed without due compensation.

“We have made several attempts to discuss with the new Managing Director, but he never acknowledged any of our letters. One wonders how a worker who had put in 25 years would be paid N774,000, while 11 years got N336,000. 

“Those that served six years were paid N96,000, five years service got N70,000 with staff who worked for four years getting N30,000.”

He said though the management of the bank made overtures to the union to negotiate, the union would not negotiate with the management without the Managing Director who was reported to be in Côte d’ivoire.

Abakpa lamented that the former Managing Director who was an Ivorien had a good plan of absorbing the workers into mainstream employment, but the efforts were frustrated.