T&T Union accepts five per cent wage increase, oil workers strike averted
Workers in Trinidad's oil industry yesterday agreed to a five per cent wage increase at the state-owned oil company, PETROTRIN, averting a 90 day strike in the energy sector.
Labour Minister Jennifer Baptiste Primus said she was happy that the strike was averted after the agreement had been signed following 30 hours of talks over the past two days.
The workers' union had originally demanded a 10 per cent wage hike for the 2014-17 period but PETROTRIN offered a zero per cent wage increase over the three years.
PETROTRIN said that the agreement would cost the company an estimated 80 million T&T dollars annually and would come from the operations.
The two parties are also at loggerheads over the wage increase for the period 2011-14, which is now before the Industrial Court.