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 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.
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.
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.
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.
Join us live now as Scotiabank speaks about the acquisition plans by Republic Bank Holdings Limited for nine Caribbean countries.
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.