Sanofi to pay staff gratuity, provident fund before exit

28 Nov, 2019

Sanofi’s top management has agreed to pay service benefits to employees in the form of gratuity and provident fund before selling off its shares in Bangladesh, said some employees. Abdur Razzaque, president of Sanofi employees’ platform Sramik-O-Karmachari Union, confirmed that the top management has provided this assurance to the employees. However, Sanofi needs to pay compensation as the employees risk losing their jobs once new owners take over the company, he said. “I hope Sanofi will also agree to pay the compensation to the employees as the negotiation (for change in ownership) is ongoing,” Razzauq told The Daily Star over the phone. “We do not want any third party buyer to pay the service benefits and compensation. We want Sanofi itself to pay it,” said an executive of the company asking not to be named.

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