|Cadilu breaks promise on pensions|
|Written by Floris Steenkamp|
|Wednesday, 27 June 2012 23:39|
Cadilu Fishing could not get its employees’ pension fund monies paid up in full by last Friday, as promised and instead could only manage to pay a part of the outstanding N$1.6 million, the Human Resources Manager for the company, Brian Isaacs, confirmed yesterday. Isaacs confirmed that a new agreement was reached with workers to settle the outstanding amount in full by 20 July this year.
To their discontent workers discovered some weeks ago that Cadilu Fishing has withheld the company’s pension fund contribution without their consent for a lengthy period of time, because the company urgently needed cash to buy fishing quotas from new right holders.
The Managing Director of Cadilu Fishing, Pepe Romero, promised workers that the outstanding monies would be paid over in full by Friday 15 June, but again shifted the due date to Thursday 21 June, on which date the payment could only be partially honoured.
|Last Updated on Wednesday, 27 June 2012 23:41|