Ex-staff of now-defunct UT and Capital Bank have alleged that the Ghana Commercial Ghana who took over the assets of the banks did not award any contract to the employees before termination of their contract.
Speaking on the Labour Front Show, the Public Relations Officer of the Ex staff of the defunct UT and Capital bank, Mr. Raymond Addai Danquah stated that there was a termination letter given to the ex-staff of the collapsed banks from the receiver and as a result, GCB was supposed to offer them a contract which will define the terms and conditions of service.
However, that was not done but the receiver went ahead to terminate their contract.
We were given a termination letter from the receiver that has to do with capital bank. So ideally GCB was supposed to have given us a contract spelling out the terms and conditions. Now, they did not do that but rather terminated a contract, so which contract did they terminate? So far as I’m concerned, ex-staff of UT & Capital bank were not given any form of contract for GCB to even terminate a contract so which contract are you terminating? He asked.
In [September 2017] the receiver of GCB Bank’s purchase of UT and Capital Banks, Price Waterhouse Coopers (PwC) commenced issuing letters to staff of the two defunct banks terminating their employment contracts with the two banks. The letters were served to all employees of the two affected banks. This was expected to affect about one thousand workers both of former UT and Capital banks.
According to PwC, any claim of the workers in terms of salary arrears, wages, leave, severance pay and other entitlement will be dealt with in accordance with the provisions of the Labour Act, 2003 (Act 651) and the Banks and Specialized Deposit Taking Institutions Act, 2016 (Act 930).
Story by: Nicholas Brown/Universnewsroom.com