Former LIAT staff get termination compensation

The St. Lucia authorities has made good on its promise to pay compensation to former staff of the cash-strapped regional airline, LIAT (1974) Restricted with Labor Minister Dr. Virginia Albert-Poyotte advising them to make use of the advantages properly.

“Don’t simply blow it up in in the future however use the economics that girls use. Ladies are superb at managing cash,” she mentioned.

The Workplace of the Prime Minister mentioned the approximate compensation bundle for the previous LIAT staff in addition to that of a garment firm, Majestic Industries, exceeds EC$6.3 million (One EC greenback=US$0.37 cents).

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Final weekend, the previous native LIAT staff obtained bond certificates from the federal government.  They’re money redeemable and might also be used as collateral to safe loans.

“I do know you’ve gotten waited a very long time,” the minister mentioned, thanking the previous LIAT staff for his or her endurance.

LIAT (1974) has since gone into liquidation after greater than 4 a long time of operation within the area and Prime Minister Phillip J. Pierre mentioned his administration had entered into an settlement with the non-management LIAT staff who had been terminated by the closure of the corporate.

The airline is owned by the governments of Antigua and Barbuda, Barbados, Dominica, and St. Vincent and the Grenadines (SVG). Antigua and Barbuda Prime Minister Gaston Browne mentioned beforehand a choice had been made that might permit Barbados and SVG to show over their shares in LIAT to St. John’s for one EC greenback.

Albert-Poyotte famous that along with the previous LIAT staff, former Majestic Trade staff who’ve been ready for nearly 18 years for compensation will even get terminal advantages.

“Inside these onerous occasions, the prime minister would let you know – it was not a straightforward resolution. Nevertheless, as a result of we perceive the plight of those staff, authorities had no selection,” she mentioned.

CMC/