PHCN Workers Issue Threat On Handover Of Companies.

STAFF of the exiting Power Holding Company of Nigeria (PHCN), under the aegis of National Union of Electricity Employees (NUEE) have threatened to protest if the Federal Government fails to complete settlement of severance package as agreed before concluding privatisation of the company.
The union also urged government and intending investors who have invested hugely in purchasing the PHCN properties to delay handover of the companies until workers claims are completely cleared.
The exiting PHCN workers’ union position was that the government has not met 75 per cent pension component of the exit workers, including several other benefits, such as regularisation of some casual workers already identified, biometrically captured and payment of exit benefits to the retired workers sacked in 2011.
The aggrieved union workers also expect the transfer of statutory 10 per cent equity shareholding to PHCN workers in the successor companies, payment of all outstanding staff claims, allowance and two per cent dues accruable to the union and shortfall terminal benefits.
A statement signed and read by the vice president, Gabriel Egbadekwu, Friday in Lagos, said less than 50 per cent of PHCN workers have so far received part of their exit benefits while others are faithlessly waiting.
It alleged that, the Minister of Power, Prof. Chinedu Nebo’s claim was false and was done to misinform the public, claiming that, the minister was been economical with the truth by openly claiming in most of the country national dailies that about 70 per cent PHCN exit staff were being completely settled.
Meanwhile, the union commended the workers commitments towards the struggles, saying that any move by the government to hand over the companies to the intended investors would be resisted by the whole exit workers.