Advertisement

St Lucia: Former LIAT employees get termination compensation

The St. Lucia government has made good on its promise to pay compensation to former employees of the cash-strapped regional airline, LIAT.

The Office of the Prime Minister said the compensation package for the former LIAT employees as well as former workers of garment company, Majestic Industries, exceeds 6 point 3 million Eastern Caribbean dollars.

Last weekend, the former local LIAT employees received bond certificates that are cash redeemable and can be used as collateral to secure loans.

LIAT has gone into liquidation after more than four decades of operation in the region.



comments powered by Disqus
Most Popular
Adidas offers JAAA 8 year $6 billion contract
CariCRIS moves outlook for JN Group from...