Lebanese Forces Party Chief, Samir Geagea, received today in Maarab a delegation representing the Bank Employees Union, headed by Union President George Hajj, who raised the conditions of the employees in wake of the crisis in the financial and banking sector in Lebanon.

Following the meeting, Hajj said they discussed with the LF Chief the increased lay-offs taking place in the banking sector which is affecting a large number of employees.

He added: ‘We expressed to Dr. Geagea our position, particularly since we have a banking merger law that was initiated by the Strong Republic bloc and presented to Parliament by amending Article 4 of the merger law, which allows for compensation much more than what the law stipulates today.”

He went on, “As for our second topic of discussion, it was the issue of banking sector restructuring, for we believe that the only solution to the dismissal of fellow bankers lies in revitalizing the sector, which has been suffering from a crisis for the past four years.”

The Union
President indicated that the LF Chief showed all support during the meeting and pledged that MP Razi El-Hajj of the Strong Republic bloc will follow-up on the merger law in Parliament.
Source:National News Agency – Lebanon