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Former LIAT Employees Urged To Manage Terminal Benefits Wisely

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Labour Minister Dr. Virginia Albert-Poyotte advised former Saint Lucia employees of LIAT to use the terminal benefits they received on Friday wisely.

The former employees received bond certificates from the government of Saint Lucia.

The bond certificates the 47 former employees received are cash redeemable and can also be used as collateral to secure loans.

“I know you have waited a long time,” Dr. Virginia Albert-Poyotte told the recipients.

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“Do not just blow it up in one day but use the economics that women use. Women are very good at managing money,” the Babonneau MP advised.

The veteran former trade union leader thanked the former LIAT employees for their patience, declaring that as Minister of Labour she recognised the importance of representing workers.

And she indicated that in providing the terminal benefits, the Saint Lucia Labour Party (SLP) was fulfilling its election campaign promise to put the people first.

Albert-Poyotte noted that in addition to the former LIAT employees, former Majestic Industry workers who have been waiting for almost 18 years for compensation would also get terminal benefits.

“Within these hard times, the Prime Minister would tell you – it was not an easy decision. However, because we understand the plight of these workers, government had no choice,” she stated.

The Office of the Prime Minister has disclosed that the approximate compensation packageĀ  for the former employees of Majestic Industries and LIAT 1974 LTD exceeds XCD 6.3 million.

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Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

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5 COMMENTS

  1. I look at the recipients and they all look like adults. Was it because its the weekend they weren’t news worthy stories available!

    Well done to the current Gov for sorting this long outstanding issue out.

    But for heavens sake Ms Poyette these are adults am pretty sure your advice in these hard economic times was not really required.

    And to make it worst SLU Times has decided to make it a story.

  2. There is nothing wrong in making a suggestion to use your money wisely. Why – because not everyone makes wise financial decisions and that also includes adults. I have read stories about multi-millionaires who made bad financial decisions. Therefore; the suggestion is definitely a word of wisdom for those who need it.

  3. I am still lost as to why state funds are being used fir this. What is the justification? Gosl dies not have shares in liat. Even if they did have shares they would still not be liable. So many poverty stricken people in St. Lucia and we use our state funds for this!

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