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Wednesday, July 19, 2006

Post Fiji Limited lays off staff

Post Fiji Limited has laid off 61 workers who voluntarily accepted the redundancy package offered by the company. The cost of the redundancy package to the company was F$3 million.

Post Fiji said the workers accepted the package deal of three months salary for each year of service completed with the company.

42 workers who had reached the retirement age of 50 also received an additional F$15,000.00 each on top of their redundancy payout.

The postal services company is in the process of restructuring its operations and the redundancy action was part of that process.

After the redundancy and restructure the company intends to save about F$2.5 million per year.

Note from GV : Small and medium business owners can use our company, Gilbert & Samuels Company Limited, to prepare business plans and to facilitate business loans for them. We can also facilitate all necessary licences, permits and approvals required for setting up. Our principal is also an Investment Adviser licensed by the Capital Markets Development Authority (of Fiji) and can provide investment advice to individuals or groups. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

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