BPE, PHCN workers in final negotiation

 

BY EMMA UJAH, ABUJA BUREAU CHIEF

ABUJA—THE Bureau of Public Enterprises, BPE, and representatives of Power Holding Company of Nigeria, PHCN, workers have entered the final phase of negotiations towards an amicable settlement of the workers’ terminal benefits.

The benefits and rationalisation committee is overseeing the payment of about N384 billion package for about 50,000 workers of the PHCN. It was learnt that from the last staff verification conducted by the Federal Government in conjunction with the workers’ union, there were 10, 000 casual workers, while the permanent staff were a little less than 40, 000.

Presidency sources said $ 2.6 billion (about N408 billion) would be realized from a successful privatization of the 15 successor companies of the PHCN and as such, virtually the proceeds from the privatization of PHCN would be expended on settling workers’ entitlements.

 

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