As Government moves to implement the 2013 Budget promise of Minister of Finance Chris Sinckler to restructure and rationalise “statutory bodies and Government-owned entities”, Cabinet last week approved the merger of two of its petroleum companies.
According to SUNDAY SUN sources, one of the major effects of the merger of the National Petroleum Corporation (NPC) and the Barbados National Oil Company Limited (BNOCL) will be the initial retrenchment of 36 of the almost 250 workers from the two companies.
While the original proposal was for the amalgamation to take effect on January 1, when the matter went before Cabinet last week, the sources confirmed it was agreed that it should not take place until next May 1. The entire restructuring plan is expected to be phased in over a one-year period.
Government’s decision could put them on another collision course with the National Union of Public Workers (NUPW) which represents the majority of NPC employees.
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