Closure Is The Only Way Out For Petrotrin
2,814 views · Published 18 September 2018 · 3:46 · Indexed 22 October 2026
Channel: TTT Live Online · 2018 · People & Blogs
State-owned Oil Company, Petrotrin, has admitted that far more than 1,700 workers are to be sent home next month. Petrotrin Chairman, Wilfred Espinet, held a News Conference to expand on the situation at the company. He said the situation with Petrotrin was an untenable one that couldn't be allowed to continue. Mr. Espinet said while they've been pulling on their hair trying to figure out how to keep people employed, based on the numbers, it just cannot be done. According to Mr. Espinet, this means that over a five-year period, every citizen - children and adults - would have to make a payment of $14,600. He said it's no longer a matter of the head count, but where the money can be sourced to move forward. Mr. Espinet said despite the noise to the contrary, this is doable. He said over a period of approximately 15 years, refineries have been closing down because they are no longer relevant to the market.
More from this channel
-
1:28
Caribbean Weather - Friday 31st August 2018
-
1:38
President Weekes And PM Rowley's Independence Day Messages
-
1:00
T&T Lands Caribbean Gold
-
1:35
Gary Griffith Promises Efficient TTPS In 1 Year
-
3:21
56th Independence Day Parade
-
2:15
SGRC Distributes Books To Students
-
1:33
Earthquake Damage Delays Opening Of Some Schools
-
0:59
Education Ministry Increasing Stipend Offer To Private Secondary Schools