Innoson Vehicle Manufacturing Company Limited (IVM), one of Nigeria’s auto manufacturing outfits, has said it was still producing vehicles with full complement of its workers, and had not shut its plant in Nnewi, as reported recently in various sections of the media.
This was contained in a statement the management of the company issued yesterday in reaction to the publications which purported that the plant had laid-off worker and shut down production over FOREX crises.
Explaining, however, that IVM, like many other […]
According to reports, the Nigeria Employers’ Consultative Association has said the Federal Government was not in a position to order banks not to disengage staff.
It said the directive last week by the Minister of Labour and Employment, Senator Chris Ngige, to banks to halt further sack of its workers was faulty.
Ngige gave the directive last week following the sacking of over 1,400 staff by two banks.
But NECA, through its Director General, Olusegun Oshinowo, said over the weekend that it was […]