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Business News of Thursday, 4 August 2016

Source: ultimatefmonline.com

300 Petroleum workers set to lose jobs

Some aggrieved workers on demonstration Some aggrieved workers on demonstration

More than 300 workers under the Ghana Transport, Petroleum and Chemical Workers’ Union (GTPCWU) could soon be laid off according to its Deputy General Secretary Francis Sallah.

The hint comes on the heels of a drop in oil prices and the erratic power supply in the country, adding that the sector is currently undergoing series of challenges.

“Hundreds of our members are set to lose their jobs in the coming weeks due to the drop in world oil prices and erratic power supply”, he said.

Mr. Sallah told an Accra-based radio station that most companies complain about the drop in oil prices on the world market.

He pointed out that the main contractor in the petroleum upstream sector (Tullow) has in some cases demanded that the expatriate staff be retained as Ghanaian workers are sent home.

The Deputy General Secretary disclosed that the employers are asking a further cut down on the numbers.