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Business News for Sunday, November 29, 2020
Source: GNA
2020-11-29
The Tema District Labor Council (TDCL) has formed a five-member committee to draw up a roadmap to engage government and stakeholders in the renovation of the Tema Oil Refinery (TOR).
The committee was formed at a general council meeting after discussions were held on developments at TOR and their effect on Ghana’s workers and economy.
Dotse Kojo Gadabor, chairman of the TDCL, said the Council had taken note of disturbing developments at some companies within its jurisdiction, especially TOR, which it said was a national asset that should not go under.
Mr. Gadabor said that the Committee had been tasked with charting a path in the shortest time possible to allow the Council to take the acceptable actions necessary to reinforce its demands for TOR recapitalization.
He called on the office of the President and other relevant institutions that had a role to play in addressing the challenges of TOR to do so seriously.
The Council added that “we also wish to state that if this matter is not resolved or is unduly delayed, the Council leadership will be forced to do whatever is necessary to call on all workers in the region to show solidarity with our members in TOR.”
Bright Adongo, TOR President of the Union of Professional and Management Personnel (PMSU) of the Trade Union of Industry, Commerce and Finance Workers (UNICOF), while briefing the meeting on the refinery issues, said that they requested the Presidency to dissolve your Board of Directors for being inefficient.
Mr. Adonko said that the Board had delivered a negative value to the Refinery, stating that they rejected staff proposals to partner with it to find a lasting solution to TOR’s problems and emphasized that “we have a Management capacity problem. and the Board “.
Listing some of the issues, he said that for the first time the Board and Management were unable to assure workers of the future revenue outlook for revenue, adding that they had also failed to secure the association of several investors who had expressed interest in expanding capacity. from the refinery between 100,000 to 150,000 BPSD.
He added that no new project or initiative has been undertaken since the Board of Directors took office, pointing out that “the BODs, however eminent they are, have not been able to exert their influence over NPA, other than to collect the money already received paid by all the Ghanaians will be used to recapitalize aspects of the terms of reference).
He further said that they had not been able to secure the crude oil for the refinery to function, which caused the plant to go idle, generating a high maintenance cost.
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