Diamond Bank Presented With 15 days Ultimatum, Over Mass Retrenchment Of It's Staff

Diamond bank branch
Photo source: businessdayonline.com
 Following the mass retrenchment of workers in commercial banks across Nigeria, Diamond bank is now faced with a legal fight over alleged unfair labour practices by sacking it's workers.

 The legal fight was carried out by one Mr. Frank Tietie, a Legal practitioner, saying that Diamond breached the provisions of section 20 of the Labour Act on redundancy as well as other labour regulatory standards and best practices.

 The Lawyer said that 400 workers were sacked by the bank, but the bank says it was only 200 staff the sacked.

 The Lawyer gave the bank 15 days from the day of the receipt of the letter to enter into negotiations with representatives of affected workers or face legal action.
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