Former workers of the defunct UT Bank and Capital Bank are to receive their severance packages in a week, per notice from Joint Receivers, PricewaterhouseCoopers.
Union of Industry Commerce & Finance Workers (UNICOF) is set to meet the Joint Receivers for the fund disbursement nearly two years since the collapse of the two banks.
On humanitarian grounds, the Bank of Ghana ceded its share of proceeds from the sale of assets of the two banks to settle the workers however spokesperson for the laid-off workers, Raymond Mensah is appealing to the government to give the affected workers discount of 30 percent or 40 percent so they can take some money home.
Raymond’s plea follows the development that the workers are to sign an undertaking where loans they contracted whiles in employment will be deducted from their entitlements and the remainder offered them.
“Its good news since three of our members have already died but we must be given a discount on the loans contracted else a lot of the members won’t get anything after the deductions and may end up owing the Joint Receivers,” Mr. Mensah laid bare.
Some 1,200 employees who were laid-off are looking forward to receiving their entitlement to ease hardships they’ve endured since going home.
It’s been seventeen months since the workers lost their employment in the two banks because following severe financial impairment compelling the state to allow for the GCB to absorb the two ailing banks.