BANK DISTRESS: CONCEPTS, CAUSES AND MAGNITUDE, ROLE OF TRADE UNION AND BANK MANAGEMENT

Employees often come to organization with past experiences, which give them a framework of expectation about how they should be treated. The work environment itself provides structures, which influence the behavior of the employees. The relationship between the employees and the employers can best be understood through the notion of psychological contract. This concept means that there is a set of expectations operating at all times between members of the organization and the managers. Both the employees and the employers alike often enforce these expectations though unwritten with the strongest of feelings. Some of the expectations changes over time. This paper looked at the role played by trade union and bank management in cubing distress in order for the organization to meet the expectations of the various stakeholders and for the continuous survival of the banking industry. This paper aims among others to review through historical data the operational and policy frameworks of the global and Nigerian banking system. The method used is the content analysis. Historical (secondary data) such as journals, articles, textbooks, newspapers and Internet etc are employed. The paper concludes that trade union should adopt modern methods in curbing distress in the banking industry so as to minimize unnecessary confrontation with management while bank management should give sound and purposeful leadershi