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Plan to slash SLT workforce by 50% |
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2009-08-31 | 12.05 PM |
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A trade union activist at Sri Lanka Telecom (SLT) told Lanka News Web that SLT Chief Executive Officer (CEO), Greg Young has proposed an introduction of a voluntary retirement scheme (VRS) along with compensation payment to slash the institution’s workforce by 50%.
This proposal has been made in addition to the VRS that has already been proposed. When a VRS was presented to the SLT workers along with a proposal to pay compensation a few months back, over 300 employees have agreed to accept it. However, the SLT board of directors had allocated money only to pay for 250 retiring employees. At the last board meeting held on the 28th, funds were approved to make the payment to the remaining employees. |
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The CEO has proposed that in order to develop the Company, it needed to get rid of the 50% excess staff by paying compensation and that the payment should be made by identifying 55 as the age of retirement of the employees.
The trade unions activist further observed that they expected to discuss the issue with the board of directors and would then be forced to resort to trade union action if they do not receive a positive response.
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