The National Workers Union (NWU) says a settlement is looming for former workers of Majestic Industries Limited.
The company folded in 2004 after operating here since 1971.
It gave a mere 72 hours notice to the NWU.
There was no severance or notice pay given.
In stead, the company departed without paying outstanding wages and about three months in NIS contributions on behalf of the over 200 workers.
NWU President Tyrone Maynard in a statement Friday said that Prime Minister Allen Chastanet had informed the leadership of the union that he will do all within his authority to bring some form of compensation relief to former workers.
Maynard disclosed that the NWU held a general meeting of the former Majestic Industries employees at the union headquarters on Thursday, July 16, 2020.
He said the union leadership gave a detailed report on the outcome of a meeting held between the Prime Minister and a delegation from the NWU.
According to Maynard, the workers voted unanimously on the following:
- The piece of real estate currently owned by the company should be sold.
- The proceeds from the sale should be used to pay the former employees.
- Compensation should be based on an Ex Gratia in lieu of Severance Pay, Notice Pay and Vacation entitlements.
- An amount of ten thousand dollars ($10,000.00) should be paid to each employee.
According to the NWU statement, Majestic Industries Limited operated in Saint Lucia but ceased its operations and jumped ship in 2004 without paying the employees their legal entitlements.
It noted that some workers had given as many as thirty-five years service to the company.
The land in question has an estimated value of two million Eastern Caribbean Dollars.