29.2 C
Accra
Friday, October 11, 2024
BusinessLabour Ministry intervenes in layoffs at Consolidated Bank

Date:

Labour Ministry intervenes in layoffs at Consolidated Bank

The Employment and Labour Relations Minister, Ignatius Baffour Awuah has stated that he will by the end of the week meet with stakeholders and workers of the Consolidated Bank alongside some labour unions to address their concerns.

Among other things, the meeting would seek to deliberate on labour plans for the consolidated bank and what would be factored in case labour restructuring was necessary.

Read: Exit plan for Consolidated Bank staff

Some reports suggest that the consolidated bank will lay off 1,700 workers out of the 3,700 staff that it assumed from the five banks in order to cut down on cost in managing 191 branches of the bank.

However, about seven hundred workers of defunct Beige bank have been asked to go home by the end of this week.

In an interview with Citi Business News, Ignatius Baffour Awuah said it is critical he meets with the stakeholders in order to in order to address the concerns of all those involved.

“Before the end of the week, I am going to meet stakeholders including some of the workers of the Consolidated Bank and the Bank of Ghana as well as the various labour unions,”he stated.

Read: Consolidated Bank to lay off 1700 staff by Sept

He explained that although the law permits for employers to undertake redundancy exercises, due process needed to be followed.

“The laws of Ghana do allow employers to do away with workers but then there are conditions that ought to be met and my duty is to get firsthand information as to what the labour plans are for the Consolidated Bank and if there is a need for some kind of labour restructuring that is going to be done I will want to exactly what will go into that”.

https://www.facebook.com/theindependentnewspaper/videos/1648970005225743/

 

https://www.facebook.com/theindependentnewspaper/videos/1648972265225517/

Source: citibusinessnews.com

[forminator_poll id="710479"]
[forminator_poll id="710479"]

Latest stories

Nana Aba Anamoah hails Bawumia for practical solutions to galamsey

Media personality Nana Aba Anamoah has praised Vice President...

EPA directed to lay L.I. in Parliament to ban mining in forest reserves

The Attorney General (AG) has directed the Environmental Protection...

Video: Broken heart made me accept Christ – Perez Musik

Gospel artist Perez Musik has revealed that a heartbreak...

Ama Governor becomes Ghana-bound as court dismisses travel abroad request

The Accra Circuit Court has ruled that Elorm Ababio,...

Video: Davido have fun as he grills some chicken for his twins birthday

Nigerian music sensation Davido recently gave fans a sneak...

We knew about the dry spell, projected its impact in February – Agric Minister contradicts PRO

Food and Agriculture Minister, Bryan Acheampong, has revealed that...

Related stories

Ghana’s tax-to-GDP ratio continues to fluctuate – Finance Ministry

Ghana's tax-to-GDP ratio remains volatile, standing at 13.8% in...

Import duties contribution to tax revenue drops by 5% in 22 years – Finance Ministry

The Ministry of Finance has revealed a significant decline...

Gas Processing Plant to return to full production from Oct. 15

The National Petroleum Authority (NPA) has revealed that the...

$67m revenue losses recorded by ECG monthly – ACEP

The Africa Centre for Energy Policy (ACEP) has raised...