Sunday, April 21, 2024

BL&P clears air about $4 million bonus


Share post:

NO $4 MILLION bonus was paid to the Barbados Light & Power’s (BL&P) executive chairman Sarah MacDonald as is being suggested.

What’s more, though the number of BL&P employees have indeed declined in the last few years, the cost of wages and benefits has surpassed any savings initially gained from this reduction.

These were among the points the BL&P sought to clear the air over the weekend in response to some workers’ accusations that the company’s planned $30 million cost-cutting exercise over the next 24 months was more about securing greater profits for shareholders than right-sizing the company for the future.

A concerned group of workers told the DAILY NATION that MacDonald had reportedly received bonus payments in the last two years of US$1.6 million and US$2 million, respectively, as an extension of the increased payments to Emera executives  done in Canada. 

Please read the full story in today’s Daily Nation, or in the eNATION edition.


Please enter your comment!
Please enter your name here

Related articles

Update: Flash Flood Warning in effect for central districts

The Barbados Meteorological Services (BMS) has expanded its Flash Flood Warning to include the central part of the...

Flash Flood Warning in effect for northwestern districts

The Barbados Meteorological Services (BMS) has issued a Flash Flood Warning for the northern districts of Barbados, effective...

Dust haze advisory remains in effect for Barbados

The Barbados Meteorological Services (BMS) urges residents to be aware of an ongoing significant dust haze advisory. A...

Public cautioned against fake social media posts about President

Members of the public are being cautioned against participating in any schemes claiming to be in the name...