Companies large and small have had to make some degree of reductions in their payroll expenditure among other areas. Tonight Belize Telemedia is looking to do the same but they will have to go through the Belize Communications Workers’ Union (BCWU). While another local news station has reported that the general staff would get a 15% cut; managers a 20% cut and heads of departments a 25% cut, the union clarified via a press release, that nothing has been agreed to as yet. A proposal for the reductions has since been been sent to the union for their review. According to the BCWU President, Gary Yearwood, they are preparing to enter into negotiations.
Gary Yearwood, President, Belize Communications Workers Union: ” As a responsible union we reach out to our membership to hear their feedback, their take, their opinion and then we will create a counter proposal and then send it to management and then we will have a negotiation where we hope to find a solution that will benefit both the company and our staff.”
Courtney Menzies, Love FM News: Are the union members prepared to take this cut back ?
Gary Yearwood, President, Belize Communications Workers Union: “10%, 15% of your monthly salary is quite high you know ? We will dig in more to see whatever benefit is there that we can probably give up in order to not to touch the salary or if you touch your salary it will be minimal but that’s far as I can go with what’s our strategy. The general summary that the company has came up with is it’s not that the company is broke you know you just have to put measures in place in order to be sustainable so that’s the rationale behind the cost optimization.”
IF it goes through, some 400 staff members will be affected by the reductions.