BY VICTOR AHIUMA-YOUNG & KUNLE KALEJAYE
ALL workers of the Power Holding Company of Nigeria, PHCN, totalling about 50,000 and 4000 unregularised staff will be paid off as part of the full privatisation of PHCN’s assets, the Federal Government and organised labour have agreed.
ALL workers of the Power Holding Company of Nigeria, PHCN, totalling about 50,000 and 4000 unregularised staff will be paid off as part of the full privatisation of PHCN’s assets, the Federal Government and organised labour have agreed.
The implication of this is that PHCN workers that will be absorbed by new owners will have a new condition of service in line with agreement with Labour.
Vanguard gathered that government needs over N400 billion as against less than N200 billion earlier earmarked by it to settle the workers severance pay which terminated on June 1, 2012.
God is not a man to lie neither is He the son of man to repent. HIS promises are Yea and Amen. Therefore, there is no cause for alarm!
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