Written by By Neil Hartnell, Tribune Business Editor - Tuesday, August 31st, 2021
Full extent of promises exposed by MoU
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Private sector representatives yesterday warned that the Progressive Liberal Party’s (PLP) deal with the two umbrella trade unions threatens to “bankrupt companies” if fully enacted post-general election.
Peter Goudie, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) labour division chief, in particular told Tribune Business that the pledge to double the redundancy pay ceiling from 12 to 24 months could inflict an “astronomical” cost on struggling businesses at a time when the country was reeling from its worst-ever economic and fiscal crisis.
He spoke out after this newspaper obtained a copy of the pact between the PLP and two umbrella union bodies, the Trades Union Congress (TUC) and National Congress of Trades Unions of The Bahamas (NCTUB), which revealed the extent of the Opposition party’s labour-friendly law and policy reform promises should it win the September 16 election.
The Memorandum of Understanding (MoU), signed by party leader Philip Davis and its labour spokesperson, Fred Mitchell, “pledged” a PLP government to raising the redundancy cap to 24 months through changes to the Employment Act once elected to office.
And, as “a matter of fundamental principle”, it commits a PLP government to “declaring its unequivocal support for trade unions in the workplace, including au