Tower Hotel strikes US$10M deal with investors; some workers to return to work



By Tracey Khan –Drakes

hotel-tower[] – The Management of Tower Hotel struck a US$10 million deal with an unknown investor, which will see the re-opening of the hotel on Monday and some 47 workers returning to work.

This is according to President of the Clerical and Commercial Workers Union (CCWU), Sherwood Clarke, who told iNews during an interview that the strike by the workers was called off yesterday after the Union reached an agreement with the hotel management.

The workers are expected to be paid today, Friday May 30, before they return to work on Monday, June 02. However some 20 workers opted not to return to work and requested their severance package.

Electricity to the building is expected to be reconnected on Monday by the Guyana Power & Light Inc. (GPL) which will see the Hotel recommencing its operations in full.

The Hotel will have a new Operations Manager and the investor team will be partnering to bring the Hotel to its former glory and standards are expected improve as they work to enhance the image of the hotel.

The total sum owed to the 47 workers by the company is in excess of US$2.6M and the CCWU is currently calculating the total for the workers who opted for their severance package to provide the hotel with the figure.hotel tower

The Hotel also has to pay senior managers who have agreed to stay on the job some $3 Million. The Hotel management recently issued a statement which noted that it was forced to close its doors and send workers home, due to financial difficulties.




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