MADRID: The State-owned oil company, PETROTRIN, says it is cannot afford to meet the wage demands of the Oilfield Workers Trade Union (OWTU) that has warned of industrial action at the start of the new year.
“The cost impact of this is projected to increase the salary/wage bill by approximately TT$165 million (One TT dollar =US$0.16 cents) at the end of the first period, with a payout of over TT$279 million as retroactive payment,” said PETROTRIN President Fitzroy Harewood.
OWTU President General Ancel Roget told a news conference Friday that the workers must get a “fair share of that pie” after he had earlier indicated that the company had proposed a zero salary increase for the period 2014-2017.
“We have firm conviction, that come Wednesday when we serve that strike notice everybody will take notice,” he said “warning and advising the motoring public to take precautionary measures.
