In a move to douse tension in the banking sector, the Nigeria Labour Congress has withdrawn its earlier notice to picket some of the commercial banks engaged in the mass sack of workers in the sector,
The decision to shelve the planned picket came on the heels of a stakeholders meeting proposed by the Ministry of Labour and Employment, likely to take place in the first week of July, 2016.
NLC President, Comrade Ayuba Wabba, told journalists on Wednesday in Abuja that they decided to halt action because the affected banks had not officially carried out the redundancy and had given the assurance that all the processes of the law would be followed before carrying out any such exercise.
Labour had planned to disrupt the operations of six commercial banks, namely Fidelity Bank, Diamond Bank, First City Monument Bank, First Bank, Ecobank and Skye Bank over the issue of mass sacking and redundancy in the banking sector on June 15, 2016.
Minister of Labour and Employment, Sen. Chris Ngige, has been facing criticisms from Nigerians, including stakeholders in the economic sector, when he threatened to withdraw the operational licences of the commercial banks if they failed to stop mass sack in the sector.