2 Jul 2008

Solomons Telekom boss in line for big compo after strike settlement

9:09 am on 2 July 2008

Reports from Solomon Islands say the outgoing Chief Executive Officer of Solomon Telekom, Martyn Robinson, will be receiving 1.1 million US dollars in compensation.

He quit his job two years before the end of his contract as part of a deal to end a strike at the company.

Telekom sources say the payment is for his premature termination of his employment contract but he will also be entitled to exgratia, bonus and repatriation payments.

His contract had reportedly been for 430,000 US dollars a year.

The General Manager of the National Provident Fund, Tony Makabo says the Telekom dispute has been mishandled and the victims will be the Fund's 130,000 members.

The National Provident Fund is the major shareholder in Solomon Telekom.