By Adeola Yusuf/Lagos
The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over the company to new owners on September 21, 2013.
Director-General of the Bureau of Public Enterprises, PBE, Benjamin Dikki who disclosed this to newsmen at the weekend maintained the only impediment to the hand over is failure of investors to pay on schedule.
Realizing that the new owners may not need so many staff with investment in ultramodern equipment, government, last week began paying severance package to all workers, who would thereafter negotiate fresh contract with the new core investors.
“Labour issues have been resolved and the implementation committee on settlement of the PHCN staff terminal benefits commenced payment of N118 billion to the over 20,000 PHCN staff, at the beginning of this month,” Dikki said.
Meanwhile, investigation by **Daily Independent** showed that many of the staff have begun intensive lobbying of the new owners to either retain their positions or get a new plum job with the new companies.
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