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Banking sector lays off more than 4,000 workers in three years

     Economy              
  • Luanda • Thursday, 01 August de 2024 | 19h31
Angolan currency, Kwanza
Angolan currency, Kwanza
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Luanda – Angola’s banking sector has laid off, in the last three years, more than 4,000 workers, as part of the privatisation and restructuring process in commercial financial services.

According to the president of the National Union of Bank Employees of Angola (SNEBA), Filipe Maquengo Segundo, some commercial banks are excessively promoting contract terminations by mutual agreement, but which do not satisfy the workers.

The official was speaking on Thursday in Luanda Province, after an audience granted to him by the third parliament deputy speaker, Raul Lima, during which he presented some of the main problems afflicting the sector, with emphasis on the need for the union to take part in the Social Concertation Council and the institutionalization of banking day in Angola, adding that he also addressed the issue regarding the hindrance of some banks, to the creation of union centres in the institutions.

However, the union leader was convinced that the "National Assembly" had taken good note of his concerns and would advocate with the Government to ensure that they were taken into account.

When asked about the country's current economic environment, he considered it to be unhealthy, revealing that the situation was due not only to the international geopolitical situation, but also to the scarcity of domestic production of widely consumed products, as well as to the lack of economic growth.

"Let the government continue to work to give weight and stabilise our national currency, the kwanza, so that it can give families back their purchasing power", he said.

The National Union of Bank Employees of Angola (SNEBA) is made up of more than 8,000 workers.

On the same day, Raul Lima met with the chairman of the Association of Retired Officers of Angola, Mateus Nicha.

The association leader expressed concern about the deduction made to members by the National Social Security Institute (INSS), claiming that the institute is not complying with the law. OPF/VC/MRA/DOJ



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