Former ArcelorMittal workers are currently engaged in a stand-in protest at Republic Bank's Park Street, Port-of-Spain branch, in protest over an alleged plan by the bank to convert their pensions to an annuity plan.
Republic Bank Limited has responded to the discovery of the body of one of its employees, Shannon Banfield today.
In a statement from Republic Bank, Human Resources General Manager, Anna-María García-Brooks said,
“This is a tragedy of immeasurable proportions and we are at a loss for words to express our shock and sadness.
We kept vigil with the rest of the nation’s concerned citizens, in hope of a safe return of our team member.
Our thoughts, prayers and support are with Shannon’s parents and family at this time.
Republic Bank Limited says it has executed a bond to the Government valued at $2 billion to assist in the financing of the Budget.
The Government has recently announced that it was seeking to raise funds through bonds on the local and international market.
The following is the statement issued by Republic Bank Limited today: