Antigua & Barbuda Prime Minister Gaston Browne says the government will not countenance a 100 per cent severance pay for former LIAT 1974 Ltd workers.
There has been a months-long impasse between the government and the Antigua and Barbuda Workers Union, with no resolution in sight.
The government is offering a 32 per cent compassionate payment offer in cash and bonds, which the prime minister says amounts to about $110 million dollars.
This 32 per cent is down from the 50 per cent the government initially offered.
General Secretary of the Antigua and Barbuda Workers Union, David Massiah, says he will always fight for 100 per cent severance for the former LIAT workers.
All governments that hold shares in LIAT have agreed to sell them to LIAT 2020.
Prime Minister Gaston Browne says this is a significant development, as it will facilitate a seamless transition into the new airline, which could become operational in three months.
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