The Chevron Bangladesh Employees Union, a platform of 600 employees of the US oil company, has refuted the event of selling the company and also refused to accept the package offered by the company.
The employee representatives declared the rejection through a press conference at the National Press Club in the capital recently alleging that Chevron did not notify them of the plan in advance, and that they only came to know about the sale through the media.
The Employees Union made this rejection after a compensation package for Chevron’s Bangladeshi employees was announced in view of the imminent sale of its assets in Bangladesh.
The package includes a promise of guaranteed employment for two years and a goodwill bonus payment equivalent to 9 months’ salary.
However, the employee representatives were not satisfied with that package announced rather they expressed deep suspicion over the intention of the company.
“We are not sure about the job security once the ownership of the company changes,” said Shahriar Abedin, secretary of the newly formed union, while reading out a written statement.
“Under these circumstances, 600 families are facing uncertainty,” he said, adding that discussions with the management have been continuing for several months.
The employees, 94 percent of them Bangladeshis, are particularly worried about how the transition will take place and whether all employees will be able to keep their jobs under the new owner or their existing benefits would continue, said a union leader.
Meanwhile, a High Court bench on April 10 directed the government to block the amount equivalent to Chevron Bangladesh's employees' Workers Profit Participation Fund (WPPF) as it apprehends the American energy giant might leave the country without paying the sum.
The court order came after 538 employees of Chevron Bangladesh filed a writ petition with the HC asking it to order the government to intervene in the matter on their behalf.
Employees are owed about $76 million from the WPPF between 2006 and 2013, said Omar Sadat, the petitioners' lawyer.
The American oil major is expected to leave Bangladesh anytime after announcing it had found a buyer for its Bangladesh assets, Chinese company Xhenhua, and the sale is being processed.
Chevron operates three gas fields--the Bibiyana, Jalalabad and Moulvibazar – from which it sells all the gas produced to state oil company Petrobangla..