Government of Antigua and Barbuda Issues First Payment on LIAT Employees Compassionate Payment Bond
St. John’s, Antigua – January 2, 2025 – The Government of Antigua and Barbuda today that the first installment of the LIAT Employees Compassionate Payment Bond has been transferred to BDO Eastern Caribbean for distribution to the eligible former LIAT employees. This allows former LIAT workers who were stationed in Antigua to begin receiving payments toward their severance.
The Compassionate Payment Bond, issued by the Government, is a 10-year bond valued at $16.72 million with an annual interest rate of 2%. This bond addresses Antigua and Barbuda’s 32% share of the severance owed to 405 former LIAT (1974) Ltd. employees, reflecting the nation’s ownership share in the regional airline.
This bond further demonstrates the Government’s commitment to the former LIAT employees and ensures a measure of relief for those affected by the airline’s closure.
Former LIAT 1974 Ltd. employees are advised to contact BDO Eastern Caribbean, the appointed escrow agent, to receive their payment. BDO is responsible for managing and distributing the bond payments to ensure a smooth and equitable process for all eligible recipients.
Prime Minister Gaston Browne late last year during his Budget Presentation in Parliament on 5th December, made the announcement of the Compassionate Payment Bond noting that his “government’s intervention in addressing the concerns of the former LIAT workers will provide much-needed relief and demonstrates government’s dedication to fairness and justice, representing meaningful action on behalf of the affected workers.”
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Workers who were sent home jab 4 jobs when will they be paid? Where is the compassion?
There’s no compassion towards the former LIAT workers. We should all remember that the Mad Man berated them publicly and informed them that he was not obligated to assist them. Another election is looming so this matter is pushed to the front as a bargaining chip. First, he tried with all his effort and strength to outlaw the union and insert himself as the lone bargaining agent in the matter and when that attempt failed, he went on a tirade. The guy is an affront to any kind of development unless he is going to be a beneficiary.
Promise made, promise kept. The government has no LEGAL obligation to give the ex-workers money
Stone, SHUT THE FUCK UP!!!
Government’s commitment to liat workers..my big foot. Glad they finally getting their monies, but you ort to be shame Gaston Brown treating them the way you did and still doing like if they begging you . A fu dem money and they worked real hard for it.. well well..
By pass the union. That is the way to do it. Look how much money they made when they collected the money from the Jolly Beach severance settlement. And the greedy lawyer got a handsome amount as well.
STONE:You sound like a GASTON BROWN PIMP.