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NEDCO Prepares to Restructure. Plans on Offering Workers VSEP.

NEDCO Prepares to Restructure. Plans on Offering Workers VSEP.

The National Entrepreneurship Development Company Limited reveals that deliberations will begin this month on restructuring the entity as well as offering workers Voluntary Separation of Employment Plan or VSEP.

NEDCO Chairman, Clary Benn, in an interview for the Business Corner Programme on Power 102.1FM said the decision to go this way was taken following recommendations submitted by the Accounting firm Price Waterhouse Coopers and other groups such as the State Enterprises Performance Review Committee.

Mr. Benn said at this time he was not in a position to say how many of the one hundred workers will be impacted.

He also provided details on some of the findings that were made by Price Waterhouse Coopers as well as the proposals given to NEDCO by the company.

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