Advert

Dockyard early retirement schemes discussed

Finance Minister Tonio Fenech this afternoon presented a GWU delegation with details of early retirement schemes which the government will offer Malta Shipyards workers ahead of the privatisation of the enterprise.

The schemes were discussed at a second meeting held between the two sides since the privatisation of the dockyard was announced. Mr Fenech said the government had invited the union to give its reaction to the schemes. A third meeting it due to be held on Friday.

He explained that the early retirement schemes were open to all dockyard workers. While the schemes are voluntary, the government will not be able to guarantee the employment of those workers who opt to stay on at Malta Shipyards after it is sold.

Mr Fenech said that experts in the field said that in order for the shipyards to be viable the number of workers – who currently stood at 1,700 – had to decrease to between 450 and 700.

An international call for offers for the sale of Malta Shipyards will be issued on August 11.

Advert

7 Comments

Post comment

Comments are submitted under the express understanding and condition that the editor may, and is authorised to, disclose any/all of the above personal information to any person or entity requesting the information for the purposes of legal action on grounds that such person or entity is aggrieved by any comment so submitted.

At this time your comment will not be displayed immediately upon posting. Please allow some time for your comment to be moderated before it is displayed.

Your User Profile is incomplete.
Please click here to complete your profile before posting comments.

Advert
Advert