25 C
New York
August 21, 2019
The Republic
  • Home
  • News
  • Management/staff impasse at First Atlantic Bank Escalates
Business News

Management/staff impasse at First Atlantic Bank Escalates

The impasse between staff and management of First Atlantic Bank Limited (FABL) has escalated following the laying off of approximately 83 staff.
The matter is likely to go into arbitration, Whatsup News has gathered as both sides refuse to budge.
A labour consultant has written to the Labour Office of Ghana, warning that the bank had illegally withheld the remuneration of the affected workers of the bank who were laid off on May 2, 2019.

I have my clients instructions to request your immediate intervention to have the Managing Director of First Atlantic Bank, Mr. Odun Odunfa, restore payment or direct the restoration of the remuneration of the said staff unconditionally and without delay, labour advisor John Esiape wrote.
According to the staff, the way they were laid off by the bank was a blatant violation of their rights.
However, in a letter intercepted by THE REPUBLIC, FABL has denied any ill-will saying it followed due process by notifying the Labour Office about their intention to lay off some staff.
The bank claimed if concluded the planned downsizing exercise on May 3, 2019, upon fulfilling certain agreed redundancy packages such as discounts on outstanding loans; one-month payment in lieu of the lay-off date and 1.5-month basic salary for every year the staff has worked.

We are ready to submit to the National Labour Commission or any other competent adjudicatory body for the speedy resolution of this matter in the overall interest of both parties, the bank stated in its response, adding that it has been fair in its dealings about the redundancy despite the resort to unwarranted media attacks on it and its management.

Source: therepublicnewsonline.com

Related posts

NDC polls: ‘Gen. Mosquito’ Bites ‘the Bull’ Anyidoho Hard

Felix Nyaaba

Residents of Krachi/Nchumuru Seeks Justice for Murdered Farmer

Felix Nyaaba

Tension In NPP At Ayawaso Central

Felix Nyaaba

202 comments

Leave a Comment