Telecoms giant, LIME said it is “disappointed that the Barbados Workers’ Union would escalate to a national work stoppage to press for a bigger separation package to replace an already enhanced and generous redundancy pay-out for displaced colleagues”.
In a statement issued this evening at about the same time the union was meeting with its various divisions to determine when it would impose its threatened shut down of the country, LIME outlined the severance package, which it said included:
* One month’s salary for each completed year, including benefits and commissions;
* Three months’ salary in lieu of notice;
* One month’s salary as a training grant;
* An ex gratia payment of $3,000 (for payment during this redundancy phase); and
* Outplacement services to all severed employees.
The statement added: “Employees leaving the business in this phase have on average 100 per cent better settlement than statutory requirements which are followed by most companies in Barbados.
“LIME believes that the threat of industrial action sends the wrong message to the country in this time of deep economic recession when private sector companies across the island have been forced to engage a range of measures to stems growing losses and restructure their businesses.
“Some of the 97 employees made redundant by the company have already been re-engaged with the new managed service providers and are working to provide services to LIME.
LIME values its longstanding relationship with the BWU and would welcome any opportunity to re-establish an atmosphere of collaboration and accord as we continue to build our business for the future.” (RRM)