Nigeria Labour Congress, NLC, and its affiliate, Association of Senior Staff of Banks Insurance and Financial Institutions, ASSBIFI, workers and other activists, have shut the operations of Union Homes Plc over alleged unprocedural sack of 300 workers and breach of collective agreement.
According to the aggrieved labour leaders, the management of the company had in the past five months unjustly terminated 300 workers, while over 100 others were forced to resign.
They demanded, among others, immediate payment of legacy funds to individual Staff Retirement Savings Accounts, RSA, with different Pension Fund Administrators, PFAs.
Immediate withdrawal of termination letters from staff unjustly removed to be placed by withdrawal of service or disengagement letters; immediate payment of redundancy benefits to staff whose employments were unjustly terminated; immediate payment of correctly calculated gratuity benefits to all staff unjustly terminated and forced to resign their appointments.
They also agitated for immediate recapitalisation of the company by Union Bank Plc or that core investors should be allowed to take over, while also making a case for immediate review of the below minimum wage salary being paid to staff as well as immediate promotion of staff that had been stagnant for between four and nine years.
President Union Homes Plc, unit of ASSBIFI, Shola Tokede, said: “We have been suffering for the past ten years in Union Homes. We have been dialoguing with management thinking that they will wear their thinking cap and see to our demands, unfortunately they did not.
“Nobody has been promoted in Union Home for the past 9 years, the excuse is that no money. Our salary was reviewed last April 2007 up till then despite all the inflation, despite the hardship in the country.
“They keep telling us to be patient and now when Union Bank had problem in 2009, it affected the subsidiaries and of course you know Union Home is the mortgage of Union Bank., it affected us as well.”
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