Organized Labour has called off its planned strike, which began today, following the Social Security and National Insurance Trust’s (SSNIT) decision to halt the sale of its 60% shares in four hotels.
The strike was called on July 12, 2024, in response to comments by the Employment and Labour Relations MinisterIgnatius Baffour Awuah indicating that the National Pensions Regulatory Authority (NPRA) had approved SSNIT’s plan to sell its 60% shares in four hotels.
Organized Labour had earlier expressed strong disapproval of the sale of the Trust’s stake in these hotels, prompting the NPRA to suspend the transaction to further review the situation. However, late last week, the Employment and Labour Relations Minister announced in Parliament that the NPRA had given the green light for the sale, which infuriated Organized Labour and led to the declaration of the strike on Friday, July 12.
But after the declaration of the strike, SSNIT informed Organized Labour of its decision to terminate the sale. This led to an emergency meeting by Organized Labour on Monday July 15, 2024, where it was resolved that the strike would be called off with all workers told to return to work on Tuesday, July 16, 2024.
Despite calling off the strike, Organized Labour has given SSNIT a one-month period to address other outstanding issues related to the management of pensions. They warned that failure to resolve these matters adequately may prompt further actions. “Otherwise, we will advise ourselves,” the statement said.
