Ibeto begins payment of Nigercem retirement benefits
DESPITE the frustrations being faced by the Ibeto Cement Company in its move to begin operation at its recently acquired plant, Nigercem Plc, the company has announced commencement of payment of outstanding retirement benefit to former staff.
The company in a statement said that pursuant to the emergence of Ibeto Cement Company Limited as the core investor and majority shareholder in the Nigerian Cement Company Plc it has put measures in place to fulfill its obligations to various stakeholders.
“The company has commenced the payment of final withdrawals payment being retirement benefit scheme due to seventy two staff members of Nigercem Plc from their contribution and that of the company from Crusader Life Insurance Limited,” said the statement.
The payment, according to the statement, “is presently taking place at the company’s liaison office at No. 3 Leck Avenue, G.R.A, Enugu” and is scheduled to “last from Monday 20th May 2013 to Wednesday the 22nd day of May 2013.”
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