Minister of
labour and employment Chris Ngige gave the warning at the 105th session of the
Int'l Labour Congress (ILC) in Geneva, Switzerland. He expressed shock that the
directive was disregarded retrenchment and sacking.
The federal
government has threatened to sanction banks and telecommunication companies,
which fail to comply with its order to suspend retrenchment, pending wide consultations.
His words:
“The federal government gave the licences to the banks to operate and if its
directives are not adhered to the licences will be withdrawn if the need
arises.
“We will go a
step further if they continue. We know what to do. They need to comply. They
need to come to the negotiation table. We halted the spate of sack in the oil
industry and we succeeded."
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