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Tag Archives: severance package

Mass Sack Imminent, As New Owners Takes Over PHCN

Posted ago by admin

  The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over the company …

Severance Package: FG Begins Payment Of PHCN Workers

Posted ago by admin

The Federal Government has commenced the payment of the severance packages of employees of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the power sector. Our correspondent gathered  that the Office of the …