Opposition Leader Kamla Persad-Bissessar says she has no doubt that Government will devalue the T&T dollar in the near future.
She was responding to questions about whether Lake Asphalt workers had any reason to worry about job loss. She spoke during Kiddies Carnival celebrations in her constituency.
“I have shown evidence that over 100,000 have lost their jobs and many former workers are still seeking jobs. The economy is not just dead, it has been buried. The rumours are the Government is going to devalue the T&T. They have been total failures. Everyone should fear to lose their jobs, you have to be fearful. The economy has fallen even you in the media should be worried about jobs,” Persad-Bissessar said.
She added, “The prices of our commodity exports have fallen on the world market, that is natural gas, oil, methanol and other hard commodities. Prices have gone rock bottom so those were our foreign exchange revenue streams so we are in a very bad place and I will not doubt the rumours that they may devalue the T& dollar in the near future.”
Persad-Bissessar also said that T&T was not in a position to handle the coronavirus. She said the issue should be handled at the level of Caricom so that the entire Caribbean region could have a united approach in dealing with the virus.
Meanwhile, former labour minister Rudranath Indarsingh called on the Prime Minister and Minister of Energy and Energy Affairs to state what is the employment status of the employees of Lake Asphalt.
“Is it true that 350 permanent and casual workers after Carnival will they be on the breadline or is there a plan to privatize Lake Aspahlt to friends and family of Lake Asphalt. I am calling for closer dialogue. What happened to the National Tripartheid Council,” Indarsingh asked.
On Monday, Lake Asphalt TT’s chief executive officer Roger Wiggins denied claims by the Contractors and General Workers’ Trade Union (CGWTU) that the company was facing closure after Carnival.
Wiggins said LATT, which employs 200-plus workers, recently revised its strategic plan and expects to roll out key initiatives within the next two to three months.
But the union’s Branch president Rayburn Noble told protesting workers that it was Wiggins who announced three times, between June 2019 to January 2020, that the company was in financial trouble and may be unable to pay wages after Carnival.