sector would soon receive their severance pay.
The SSAEC President, Bede Opara, told newsmen in Lagos that the
Federal Government and labour had reached an agreement on
payment of the workers entitlements.
Opara did not disclose the total sum that would be paid to the
workers. ''The total amount cannot be mentioned now because
lot of things had happened. Many people had retired and some of
the workers had changed department so the money that will be
paid has also been affected.
''Labour and government are contented with whatever that will
be paid to the workers if the government implement as agreed,
there will be no problem.'' The unionist said that labour had
agreed with the government that as soon as the money was paid,
the investors would take over the plants.
Opara said that the ongoing verification exercise in the PHCN
would be concluded on June 29 since the workers had gone
through their pay advice, verified and signed it. He noted that if
there were lapses, such as omission of names, the verification
would be extended to ensure that everybody was captured.
The union president also said that the issue of casual workers had
been cleared as they had been verified to ensure that they got
their money. He also said that the workers had contacted
different Pension Fund Administrators (PFAs) that would handle
the money.
Opara said that by the Reform Act, after the payment of the
workers, some would continue with the new investors while
others would leave. He said the investors would discuss with the
union before such workers would be sacked after being
employed.
The Federal Government in February approved N384 billion for
the payment of severance allowances to 54 000 workers of the
PHCN. The union had, however, rejected the severance package
because it was not a product of consensus
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