Investigations into a multimillion-dollar payout made by former justice minister Herbert Volney has reached the desk of the Director of Public Prosecutions (DPP).
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VIDEO: Colonial Life, British American workers protest at Central Bank
Insurance workers of Colonial Life and British American protested outside the Central Bank, Port of Spain on July 4.
Led by the Banking, Insurance and General Workers Union (BIGWU), about 60 workers in chanted loud slogans as they marched in a large circular pattern on the Brian Lara Promenade opposite the Twin Towers block, between St Vincent and Edward Streets, Port-of-Spain.
BIGWU general secretary Trevor Johnson, said that the source of workers’ protest was the Central Bank’s slow progress in finalising its negotiations with the trade union.
The slow pace of progress has created a degree of uncertainty that is “traumatic” for the workers, Johnson said, as many now fear that they will lose their jobs.
Workers are also displeased over what they say is a lack of feedback on a proposal for a Voluntary Separation of Employment Plan, ultimately dating back to after the Central Bank’s decided to sell CLICO and replace it with Atrius after the company collapsed and was bailed out by the government.
BIGWU deputy president Mario Als said that the Central Bank has scheduled a meeting with the union for Wednesday 9 July at 10am at CLICO’s head office on St Vincent Street, Port-of-Spain.