Trades Union Congress

23 Dec

TUC Suspends Strike Action Over Debt Exchange Programme

wontumionlineBusinessDebt exchange programme, Trades Union Congress

The Trades Union Congress (TUC) has rescinded its plan to embark on an indefinite nationwide industrial action from December 27. The move was for the Union to demonstrate its opposition to earlier plans by the government to include pension funds in the debt exchange programme. The union has also cautioned the government against any future plans in that regard. The planned industrial action followed a one-week ultimatum given by Organized Labour for the government to ditch its decision to rope in pension funds in the debt exchange program or risk a nationwide strike. But following the government’s decision to exclude…

06 Dec

TUC Fumes Over Lack Of Engagement On Govt’s Debt Exchange Programme

wontumionlineNewsTrades Union Congress

The Trades Union Congress (TUC) has raised concerns about government’s failure to engage labour unions before launching its Domestic Debt Exchange programme. TUC says it was gravely concerned about the government’s programme because of its potential negative impact on worker’s pensions. The TUC’s reaction followed the government’s move to rely on a softer payment plan with institutions and individuals who have lent money to the country as part of efforts to reduce the burden the public debt stock puts on the economy. In a statement signed by the Secretary General of the TUC, Dr. Yaw Baah, the union bemoaned the…