By Victor Ahiuma-Young
THE management of Addax Petroleum Nigeria Limited and workers of the company have resolved their protracted disagreement over severance benefits following the acqusition of the company by a Chinese company, Sinopec, bringing normalcy back to the company.
Before the resolution, the workers, who belong to Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), embarked on industrial action, paralysing activities at the Lekki Expressway Headquartres of company for days.
The aggrieved workers were on the verge of shutting down crude production before the leadership of the national secretariat of PENGASSAN and the management of Nigerian National Petroleum Corporation (NNPC) intervened.
Vanguard gathered that under the auspices of NNPC and the National Secretariat of PENGASSAN, the matter was resolved last week.
According to source, there would be severance package or benefits for the workers as part of the take over of the company by Sinopec, which is different from the normal benefits contained in the collective agreement or conditions of service.
Workers who do not want to continue with the new owners and want to retire voluntarily, would be paid the severance benefits, those who stay during the transition from the former owners to new owners and afterwards decide to leave would also be paid.
Similarly, Vanguard gathered that even those who decide to stay and work with the new owners would also be paid the benefits arising from the take over.
The source also added that the management said they would prefer all the workers to stay and continue to work with the company.
Unconfirmed source told Vanguard that it would take at least 24 months for the new owners to be able to fully take over the company.
Chairman of the Lagos zone of PENGASSAN, Comrade Folorunso Oginni, told Vanguard that normalcy had returned to the company as the disagreement had been resolved.
He said he does not envisage any problem in the implementation of the agreement since it was a product of negotiation.