NewsWhore
12-12-2008, 03:30 PM
In an unexpected move, President Leonel Fernandez was in Bonao yesterday to offer support to 900 workers who recently lost their jobs with the Falconbridge mining company. Fernandez announced that the government would help them find new jobs, and that 90 workers over the age of 55 would be awarded government pensions. The President also said the government would cover workers' debts with the company cooperative. This means the workers would be able to fully enjoy the severance payments they are receiving from the company. Fernandez also offered higher interest rates on deposits the workers will make with their severance savings when deposited in the governmental Banco de Reservas, or lower rates if they wanted to use the money to start a small business.
Fernandez announced a RD$300 million fund for the inhabitants of the provinces of Monsenor Nouel, La Vega and Sanchez Ramirez.
He said that the new tourist project at Punta Perla in Cabeza de Toro, Punta Cana has pledged to employ at least 200 of the displaced workers.
Falconbridge recently announced the dismissal of the employees due to the low price of ferronickel on international markets.
More... (http://www.dr1.com/index.html#1)
Fernandez announced a RD$300 million fund for the inhabitants of the provinces of Monsenor Nouel, La Vega and Sanchez Ramirez.
He said that the new tourist project at Punta Perla in Cabeza de Toro, Punta Cana has pledged to employ at least 200 of the displaced workers.
Falconbridge recently announced the dismissal of the employees due to the low price of ferronickel on international markets.
More... (http://www.dr1.com/index.html#1)