FNPF clarifies 50 employees will be made redundant

The Fiji National Provident Fund has clarified that only 50, and not 107, of its current employees will be made redundant following the restructure that is currently being undertaken.

FNPF’s Chief Operating Officer Jaoji Koroi says the Board’s approved structure for 2017 was for 430 Fund staff compared with 373 in 2011.

Koroi adds that the National Secretary of the Fiji Bank and Finance Sector Employees Union, Sailesh Naidu has misunderstood the figures provided as it is clearly articulated in the letter that in 2011 the board approved 373 employees and in the new structure it is 430 employees.

Koroi says they are disappointed that this issue has been taken out of context without verification from the Fund.

He says that they have been transparent about the whole process and have continued to engage FNPF’s staff and other key stakeholders every step of the way.

The current FNPF staff numbers is 480, which is inclusive of temporary project staff.

Koroi also states that the Fund will ensure that proper notice is given to those affected.

He stresses that the notice period will comply with FNPF’s policy and what is prescribed by laws of Fiji.