Antigua-based workers with the cash-strapped regional airline, LIAT, have until Friday to agree to proposals by the government as it moves to prevent the liquidation of the company by its major shareholder governments.
LIAT workers have reportedly been asked to agree to a 50 per cent cut in severance payments.
If the union agrees to this proposal, staff will benefit from shares in LIAT and any proposal would need to be taken to the shareholder governments as an alternative to liquidating the airline.
Antigua and Barbuda Prime Minister Gaston Browne on Tuesday held talks with representatives of the Antigua and Barbuda Workers Union as he seeks support for his idea for the formation of a new company, LIAT 2020.
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