Tuesday, June 26, 2012

Mainstreet (Former Afribank Plc)Bank sacks 800 workers

THE management of Mainstreet Bank Plc, formerly Afribank Plc, Friday, sacked no fewer than 800 workers despite the Federal Government’s directive to the management of the bank and organised labour to maintain status quo pending resolution of labour issues between the management and labour.

It was gathered that the sack came few days after the Federal Government through the Ministry of Labour and Productivity at a meeting in Abuja with the organised labour and management of the bank on the outstanding gratuity of staff of the defunct Afribank Nigeria Plc.

Meanwhile, organised labour, yesterday, asked the management of the bank to immediately reverse the termination or labour and its allies would shut down its operations nationwide, describing the management’s action as illegal and unprocedural.

Vanguard gathered that of the 800 affected staff, over 650  were members of the Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, affiliated to the Trade Union Congress of Nigeria, TUC, while the rest were members of the National Union of Banks, Insurance and Financial Employees, NUBIFIE, affiliated to Nigeria Labour Congress, NLC.

Vanguard gathered that the management just locked the affected workers out of the bank’s network, denied them access to their offices and asked them to wait for their termination letters through their email boxes.

Culled from Vanguard News


  1. I can imagine the number of people they have rendered homeless. These banks shouldn't just wake up and sack people. It's high time people started suing them.

  2. This is why I have always hated bank job. It's just not worth it.

  3. What do you expect? They have too many staff and are not making so much money. People should get skills and stop relying on all these jobs.