ANSA McAl, union agree job cut formula

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This was announced by Group Human Resource Director and Media Sector Head Teresa White, in response to Newsday’s questions about an on-going restructuring exercise at GML.

“There’s been an extensive consultation with the union; we cannot deal directly with the employees because of the industrial relations regulations.

The union has been informed of the names. We’ve agreed with the union (on) the process, the selection criteria.

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We’re doing it strictly on a LIFO (last in, first out) basis; as is deemed best practice.” The question was posed during a press conference on ANSA McAl’s results for the six months ended June 30, 2017. The event was held on August 10 at the TATIL building, Maraval Road, Portof- Spain. Speaking about the media sector’s performance, ANSA McAl Chairman, A.

Norman Sabga, said while they were still “in the process of restructuring” GML, those in charge had been able to “reverse the loss in the first quarter (of 2017) to pre-tax profit in the second quarter (of TT $0.27 million) and we believe there are good things to come for the remainder of the year.” Adding to what White had said, Sabga told Newsday that while they have “introduced new technology which is going to automate certain aspects of the print side of the business, (GML’s) retrenchment is going to be less than that of the Express newspaper, significantly less, and we’re trying to preserve as many of the jobs as we can.”

Source: Newsday http://www.newsday.co.tt/news/0,247645.html

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