If you picked up the midweek issue of the Amandala Newspaper today, you might have noticed this advertisement in the paper. It's an announcement from First Caribbean International Bank notifying its customers that all operations are shutting down.
All of the bank's branches, ATM's, and businesses such as credit and debit card transactions, and internet banking transactions, will come to a close on Friday, January 29. All merchants using FCIB Point of Sale machine will shut down on next week Monday, January 25.
But, what about the more than 60 employees who will lose their jobs? Well, as we've been reporting ever since FCIB announced their shutdown of operations in Belize, their bargaining agent, the Christian Workers Union has been trying to sign a new collective bargaining agreement with the managers of bank.
Since this full exit is expected to take place at the end of next week, we asked the president of their union, Audrey Matura-Shepherd, for an update on the negotiations with the bank's international managers but, in a first, she declined comment.
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