Business

OWTU denies workers sabotaging oil assets

The Oil­fields Work­ers’ Trade Union is deny­ing work­er in­volve­ment in the sab­o­tag­ing of Petrotrin as­sets fol­low­ing the shut­down of the com­pa­ny on Fri­day.

The union made the com­ment in re­sponse to a me­dia re­lease by Trinidad Pe­tro­le­um Hold­ings Ltd (TPHL), the com­pa­ny tak­ing over Petrotrin as­sets, which stat­ed ac­cess to all its fa­cil­i­ties was sus­pend­ed fol­low­ing acts of sab­o­tage by union mem­bers and em­ploy­ees. Petrotrin is now a lega­cy com­pa­ny but is a sub­sidiary of the new­ly formed TPHL.

Petrotrin pays $2.7 billion to employees as company closes

Petrotrin says it has today paid out $2.7 billion to former workers as the company's operations come to an end.

Petrotrin issued a statement on the matter on Friday afternoon.

"Today marks the end of Petrotrin’s operations and is an understandably difficult period for all of those affected.

Consistent with its commitment, the Company has today disbursed $2.7 billion in exit and other payments to its employees.

42 hired by replacement companies, 18 are former Petrotrin workers

Minister of Energy and Energy Industries, Franklin Khan has confirmed that 42 people have so far been hired to fill places in the three new companies that will replace Petrotrin.

The minister told the House of Representatives today that 18 of the 42 are former employees of Petrotrin and 24 are new.

Minister Khan said that the Heritage Petroleum Company Limited has hired 39 senior and middle managers.

Of the 39, 16 are former Petrotrin employees and 23 did not work with Petrotrin before.

Int'l: Starbucks to block pornography on its stores' Wi-Fi in 2019

Starbucks will start blocking pornography viewing on its stores' Wi-Fi starting in 2019, the company announced amid renewed public pressure on the coffee giant by an internet-safety group.

A Starbucks representative told NBC News that the viewing of "egregious content" over its stores' Wi-Fi has always violated its policy, but the company now has a way to stop it.

"We have identified a solution to prevent this content from being viewed within our stores and we will begin introducing it to our U.S. locations in 2019," the company representative said.

ATTIC urges swift passage of tax bill

The As­so­ci­a­tion of Trinidad and To­ba­go In­sur­ance Com­pa­nies (AT­TIC) said it notes with con­cern the cur­rent par­lia­men­tary dead­lock on the In­come Tax Amend­ment Bill 2018.

The pas­sage of this bill is crit­i­cal­ly im­por­tant to en­able the coun­try to im­ple­ment the Ex­change of In­for­ma­tion Re­quest Stan­dards (EOIRS) there­by be­com­ing com­pli­ant with the Glob­al Fo­rum on Trans­paren­cy and Ex­change of In­for­ma­tion for tax pur­pos­es.

OWTU to file contempt case against Petrotrin

The Oil­fields Work­ers’ Trade Union (OW­TU) says it will file con­tempt of court pro­ceed­ings against Petrotrin for its fail­ure to dis­cuss the cri­te­ria be­ing used to staff the Her­itage Pe­tro­le­um Com­pa­ny Ltd and the Paria Fu­el Trad­ing Com­pa­ny.

In a me­dia con­fer­ence at the union’s Para­mount Build­ing in San Fer­nan­do Tues­day, OW­TU pres­i­dent gen­er­al An­cel Ro­get said that the union was plan­ning to get the process start­ed.

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