of labour in the economy to rely on contract staff for key segments of their operations, even as stakeholders have called for its review in banks.
Another member of staff of the defunct mid-tier bank, Abiodun Stephens, was luckier. As a contract worker with the bank for eight years, he had his employment regularised few weeks to the bank’s merger with a tier-1 bank. The NBS data showed that contract staff in banks rose by six per cent from 43,955 in June 2018 to 46,263 in June 2019. This means in the last one year, contract staff rose by 2,308 across all banks.
Further analysis of the NBS data showed that members of bank staff dropped from 105,017 in March to 104,364 in June 2019. This may be traceable to retirements, resignation and possible restructuring exercises. A closer look at the statistics showed that the biggest drop was recorded in the senior members of staff category, followed by junior and the executive members of staff category.
He said banks are run as business concerns, and always interested in delivering good returns to shareholders and thought less about the welfare or happiness of their employees. President, Association of Senior Staff of Banks, Insurance and Financial Institutions Comrade Oyinkansola Olasanoye urged the government to use decent work as an action to bring about growth and build a new global economy that puts people first without struggling for a living minimum wage and a pay rise for all workers.
“This is why we had, for the umpteenth time, implored all workers to come together as one in solidarity to condemn precarious work, condemn slave labour, condemn insecurity and condemn unfair wages and all forms of indirect salary reduction by whatever name and all unfair labour practices. Let us all say no to corporate greed, let’s all demand living minimum wages, and a pay rise for all workers.
“It did not start today. It started when I was the CIBN President. Like in other parts of the world, contract members of staff are supposed to be highly skilled and well paid workforce but that is not the case in Nigeria where there is no terms of engagement. Many of the contract workers were engaged because they had no other job opportunities. At the end, they have no commitment to the company and have been the source of rising cases of fraud and forgery in the industry,” he said.
Source: News Formal (newsformal.com)
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