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Republic Bank Agrees to Retain All Scotia Workers

Image of Prime Minister Allen Chastanet heading the negotiations (Photo courtesy Facebook:@allenmchastanet)

Prime Minister of St. Lucia, Allen Chastanet, has alleviated some concerns of Scotiabank workers and customers with the imminent sale to Republic Bank of Trinidad and Tobago.

In one of his Facebook updates, the Prime Minister of Saint Lucia confirmed that Hon. Bradly Felix, Director of Finance Ms. Cointha Thomas and himself wrapped up a fruitful meeting with executives of Republic Financial Holdings Limited.

Image of Prime Minister Allen Chastanet heading the negotiations (Photo courtesy Facebook:@allenmchastanet)
Prime Minister Allen Chastanet heads the negotiations (Photo courtesy Facebook: @allenmchastanet)

During that meeting it was agreed upon that should the sale be finalized, all staff of Scotiabank would remain employed with Republic Bank and that the salaries of all staff employed will remain unaffected.

Town Hall meetings and a comprehensive Public Relations campaign are to be conducted to educate staff, the business community and the general public of the benefits of this move and to address their concerns. It was also agreed that Republic Bank will continue it’s impeccable track record of fulfilling it’s Corporate Social Responsibility via their program “The Power to Make a Difference” which focuses on 4 specific areas, namely, Youth Development, Poverty Alleviation through training programs, Assistance for differently-abled persons and Protection of the environment.

Image of Hon. Bradly Felix & Director of Finance Ms. Cointha Thomas (Photo courtesy Facebook: @allenmchastanet)
Hon. Bradly Felix & Director of Finance Ms. Cointha Thomas (Photo courtesy Facebook: @allenmchastanet)

In November of last year, Scotiabank shocked the financial sector when news of the sale of its operations in 9 Caribbean islands including Saint Lucia to Republic Bank based in Trinidad & Tobago was made public.

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