Already, N51. 6 billion has been proposed to settle the severance package and settle all the entitlements of the workers, whose disengagement from now is a matter of days.
Also, the Federal Government accepted the recommendation that after the sack of all the members of staff of the two companies, critical staff that would facilitate a smooth handover to the new core investor would be immediately re-engaged.
But it was made clear that the wage bill of those to be re-engaged should not exceed 10 per cent of the current wage bill.
Under the proposals approved by the Federal Government, the N51.6 billion is to be applied in settling the exit package due to permanent and casual staff of the companies.
The Minister of Labour and Productivity, Chief Emeka Wogu, who is the chairman of the task force, received the union officials behind closed door last week in his office, where he intimated them of the development and the approval of the recommendations of the task force.
He commended them for their patience and expressed government’s acceptance of the recommendations of the task force on the issues.
| Posted: at | |
TRENDING GISTS 
I'm No Longer Interested, My Spirit Has Left There - Fubara Speaks on Returning As Rivers Gov. (VID)
FCT Minister, Nyesom Wike Storms Venue of PDP Meeting With Governors Present
Panic In Abuja As Pastor Shoots Two Immigration Officers After Being Mistaken Them For Robbers
Retired Teacher, Mallam Kabiru Killed, Wife Abducted As Bandits Invade Zamfara School Quarters
Army Busts Gunrunning Syndicate in Plateau, Two Arrested With AK-47 (Photos)
Ringside Rumble? Fans Hype Possible Boxing Showdown Between Small Doctor And Portable
16-Year-Old Maths Wizard, Olamide Aderibigbe Scores 336 Overall In UTME; Scores 98 in Maths