Organised Labour has declared a strike action beginning December 27 over the debt exchange programme announced by the government.

Although the labour unions have rejected the programme for fears of a haircut on their pension, the government has gone ahead to extend the deadline date for signing onto the programme to December 30.

However, Organised Labour has strongly insisted that they will not sign unto the programme with the current terms.

Tonight, PM Express will have a conversation about the way forward for the government and Organised Labour over the debt exchange programme.