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That's for goverment workers only.Ben_spanna wrote:Maybe now employees will start to value their jobs, arrive ON time for work, put in a honest days work and add value totheir companies.... not to mention maybe they will stop taking so many extra unwarranted days off and time off.
hydroep wrote:Thousands on the breadline
CHARLES KONG SOO
More than 20,000 people have lost their jobs in T&T since 2015.
One of the largest mass retrenchments was the approximately 5,500 Petrotrin permanent and temporary employees who were sent home when the refinery was shut down on November 30, 2018.
In part two of his national address to the nation called "It's Your Business" on January 7, 2019, Prime Minister Dr Keith Rowley said 20,000 people had lost their jobs in T&T since 2015.
Since then, more people have been placed on the breadline.
The most recent was the 178 Unilever Caribbean Ltd (UCL) where workers faced a bleak Christmas when they were thrown on the breadline in December 2019. According to the latest available data from the Central Statistical Office (CSO) contained in the Central Bank of T&T's Monetary Policy Report of May 2019, the unemployment rate increased to 4.8 per cent in 2017—the highest rate of unemployment since 2012—from 4.0 per cent in 2016.
During 2017, the number of people employed fell by just under 10,000 while the labour force contracted by 4,600 people. This resulted in a small decline in the participation rate from 59.7 per cent in 2016 to 59.2 per cent in 2017.
In the absence of official unemployment data for 2018, retrenchment notices filed with the Ministry of Labour and Small Enterprise Development indicate that retrenchments were higher by over 53.2 per cent (excluding the layoffs due to the closure of the Petrotrin oil refinery) in 2018.
In January-May 2019 retrenchments continued to rise—631 people compared with 412 people in the similar period in 2018. Further, the average number of vacancies advertised in the print media fell by 11.7 per cent (year-on-year) over the first five months of 2019.
Economist: It's a source of concern
Economist Roger Hosein said "The latest official labour market statistics from the CSO indicate that the unemployment rate declined to 3.8 per cent during the first half of 2018 compared with 4.9 per cent during the same period of 2017.
"On a year-on-year basis, total employment fell by 900 persons, while the labour force contracted by 8,500 persons.
"This resulted in a decline in the labour force participation rate to 58.7 per cent over the first half of 2018 compared with 59.7 per cent during the corresponding period of 2017."
"The continued decline in the labour force participation rate is a source of concern since this has implications for future economic prospects."
He said the 3.8 per cent unemployment rate in 2018 was a very low rate, since 2003 it had has been below ten per cent on average.
Hosein said since 2012 the unemployment rate on average per annum had not crossed five per cent which was a very remarkable statistic; on paper, it was one of the best in the world.
He said what was alarming about the T&T economy case was the fall over time in its labour force participation rate which stood at 63.9 per cent in 2006 and collapsed to 58 per cent by 2018.
Hosein said the State made the tremendous error in the last 15 years of being too heavily involved in the labour market and basically starved the private sector for workers.
He said while the private sector was expanding, it was expanding mainly in the services sector. The State, he said, wanted to expand in the non-energy export sector, so the economy developed serious structural imbalances that needed to be addressed.
Hosein said, however, one of the most worrying aspects of the labour market data trends in recent times was the sharp decline in the employment of petroleum and gas sector workers—this collapsed from 21,300 in 2014 to 12,600 in June 2018.
He said the petroleum sector was a highly competitive high human capital sector and the loss of 40 per cent of the employed labour force was a frightening eventuality as these skills if they were lost or migrated to nearby Guyana, Suriname or elsewhere will take time to be rebuilt.
Hosein said policy makers would want to ensure for example that by the time the Ruby field comes on-stream with BHP Billiton in 2023, that the sector was not further starved for workers with the relevant skill-sets.
Companies that laid-off workers from 2015-2019
- ArcelorMittal sent home 600 workers on December 2015 and laid off 800 contract workers earlier that year
- 200 TMS International Corporation workers were also let go in 2015
- Central Trinidad Steel Limited (Centrin) sent home 200 workers on February 2016.
- Over 800 Construtora OAS workers were laid off on March 2016
- Caribbean Development Company which produces Carib beer retrenched 15 workers on May 2016
- 66 workers of roofing producer, GGI Trinidad Limited were sent home on August 2016
- Over 100 workers of the Tourism Development Company were retrenched on August 2017
- 16 workers at the Trinidad Cement Limited (TCL) were put on the breadline on September 2018
- Petroleum marketing and wholesaling company Unipet laid off seven supervisors in October 2018
- Approximately 5,500 Petrotrin permanent and temporary/casual employees lost their jobs when the refinery was shut down on November 30, 2018
- TSTT retrenched over 500 workers on November 15, 2018
- 99 non-academic staff at the University of TT (UTT) received separation letters on August 2019
- 178 Unilever Caribbean Ltd (UCL) workers were thrown on the breadline in December 2019.
https://www.guardian.co.tt/news/thousands-on-the-breadline-6.2.1027160.8a36af258e
Ben_spanna wrote:Maybe now employees will start to value their jobs, arrive ON time for work, put in a honest days work and add value totheir companies.... not to mention maybe they will stop taking so many extra unwarranted days off and time off.
Yara workers discuss futures with OWTU
Yvonne Webb
EMPLOYEES of Yara Trinidad Ltd gathered at the Paramount building headquarters of the Oilfield Workers Trade Union (OWTU), San Fernando, on Thursday evening to find out what is to become of them and the jobs they currently hold at the ammonia plant.
About 200 workers sat in the hall and were addressed by president general of the union Ancel Roget. Workers from all of the bargaining units represented by the union were summoned to attend the meeting to discuss possible retrenchment and severance packages.
It is the first time the workers were invited to meet with the Roget in an open forum to hear about ongoing negotiations and ask questions regarding the way forward since the company announced the pending closure last year.
Closed-door meetings have been taking place between management and the union. Prior to Thursday’s talks, another round of discussions were held between Roget and branch officers and the company’s management at Paramount.
Although decommissioning has begun at the ammonia plant at Point Lisas, workers are still on the job and reports indicate that they have not yet received letters of retrenchment.
Yara announced the closure of its wholly-owned ammonia plant at Point Lisas on November 13. It cited plant profitability and failed negotiations with The National Gas Company of Trinidad (NGC) as key reasons behind the closure. The plant was expected to be closed by year’s end.
The Yara Trinidad plant is one of three ammonia plants operated by Yara Trinidad Ltd.
The remaining two plants, Tringen I and Tringen II, are jointly owned by Yara International ASA and National Enterprises Ltd (NEL).
In an e-mailed response to questions from Newsday last week, Yara Trinidad Ltd president Richard De La Bastide said the plant was safely shutdown and secured as planned on December 31.
De La Bastide also said that talks with the OWTU regarding the separation arrangements for workers are in progress.
MaxPower wrote:Ben_spanna wrote:Maybe now employees will start to value their jobs, arrive ON time for work, put in a honest days work and add value totheir companies.... not to mention maybe they will stop taking so many extra unwarranted days off and time off.
Hello Ben,
This is 100% correct.
I would also like to add that Trinidadians need to change their STINK mentality. Maybe when they do, the hard working, job-secured public will actually care if they lose their jobs. As for now, they can stay their lazy ass home and continue to whine and cry and continue dreaming to receive sympathy.
I wonder how many Trinis were replaced by Venezuelans?
Manufacturers: Brace for job cuts if NGC hikes gas price
Curtis Williams, Lead Business Editor
Thousands of jobs may be lost if the National Gas Company (NGC) goes ahead with its plan to significantly increase natural gas prices to manufacturers.
The State Enterprise is already demanding that the manufacturing sector pay 13 per cent more for natural gas this year, moving to as high as a 100 per cent increase by 2023.
The Sunday Guardian has learnt that at present manufacturers pay between US $2 to US $2.50 per million British Thermal Unit (mmbtu) and the NGC wants this price to escalate over time to US $4 per mmbtu.
The NGC has been embroiled in difficult negotiations with all its customers as it tries to significantly increase prices because of its new deal with the oil and gas majors that have seen significant price increases for the aggregator.
The deal which was brokered by Prime Minister Dr Keith Rowley means that the NGC has to pass on price hikes to its customers, many of whom say they cannot pay the new prices.
This has already led to the loss of scores of high-paying jobs and tens of millions of dollars to the Treasury, the closure of an ammonia plant, and the planned shutdown of a methanol plant in a week.
Several manufacturers spoke to the Sunday Guardian on condition of anonymity for fear of being targeted. They insisted that the one competitive advantage they have is being taken away from them by the NGC and they will have no choice but to pack up and leave because they will not be able to compete.
They pointed to the fact that many companies have already moved to Jamaica and South America where labour laws are less restrictive, productivity higher and the ease of doing business better, as T&T becomes increasingly unattractive to do business.
Jobs have already been lost as a result of the challenges facing the sector.
TTMA: Members worried
President of the T&T Manufacturers Association (TTMA) Franka Costelloe confirmed to the Sunday Guardian that her members are extremely worried by the proposed price increase which has been made retroactively to 2019.
“We are exceptionally concerned about the impact, about the cost impact, about our ability to maintain competitiveness, specifically in the export market, and our ability to remain competitive in attracting inward investments for new manufactures and for international investors to stay in Trinidad and to expand their factories,” Costelloe said in a candid interview.
Costelloe explained that while she did not know the exact numbers, since each manufacturer has individual contracts with the NGC if what she has been told is correct, it could lead to massive layoffs.
“If we start to reduce our competitiveness in the manufacturing market, you start to talk about unemployment, you start to talk about investors pulling out.
“I wouldn't be surprised that you could anticipate the closedown of some of those major factories if there is a 100 per cent increase of major expense items.”
The TTMA president said natural gas was T&T’s competitive advantage over other CARICOM states, and also some South American countries, and for a lot of international investors and local manufacturers who have a substantial size and use natural gas.
She said the sector was already faced with a significant number of taxes that are working to increase the cost of doing business and decrease the ease of doing business.
She argued: “It is the one thing that we have, it’s not done as yet, so it’s a matter of negotiations between NGC and the individual members, and the TTMA is meeting with the office of the Ministry of Energy to discuss it. So, we’ll see if we get some headway.”
Companies to be hit hard
Among the hardest-hit companies will be:
•Trinidad Cement Limited
•Associated Brands Limited
•Several companies that fall under the ANSA McAL group including Carib, Carib Glassworks, Abel etc. ANSA McAL is the parent company of Guardian Media Limited.
“Yes, you are absolutely correct, those are the bigger companies that are going to be grossly affected by any price increase. You listed them all out. It’s a significant portion of their expense line item.
"This is a big deal, a game-changer for them, but it’s negligent to NGC, it’s .5 per ecnt of NGC’s natural gas sales volume. And that’s where we are going to be discussing with the office of the Ministry of Energy because we have to support the manufacturing community to create a sustainable environment in Trinidad. We have to be able to maintain these jobs. The manufacturing sector employs 50,000 people in this country,” Costello said.
'This is a national issue'
Costello told the Sunday Guardian that all 150 manufacturers combine make up less than .05 per cent of the NGC’s sales and surely the company was putting an entire industry at risk for a small percentage of its business.
Asked why the NGC should subsidise private sector companies, the TTMA president said, “Why do I go to the Minister of Energy? I go to the Minister of Energy to highlight the plight of the manufactures in this decision and this is a national issue. This is not just an NGC issue or a manufacturers issue, this is a national issue.
“I agree that every state-owned company, like any company, should be not be running at a deficit, not running at break-even, and state companies subsidising to its own peril definitely should not be a strategy.
"We support companies to always run at a profitable state, it’s nothing different than what we would say for the NGC. But at the same time, this is a group that constitutes less than one per cent of volume sales and is made up of 150 members and this can have a massive impact on the entire nation.
"If we start to reduce our competitiveness in the manufacturing market, you start to talk about unemployment, you start to talk about investors pulling out. We’re talking about subsidising .52 per cent for NGC’s existence.”
Questions to Enill
The following questions were sent to the NGC Chairman Conrad Enill.
1) Has the NGC indicated to manufactures that the price they pay for natural gas will be increased effective 2019?
2) What percentage of total gas sales by the NGC is sold to manufacturers?
3) Why the need for double-digit price increases at this time?
4) Is the NGC concerned by the potential impact of this on the sector and jobs?
Enill suggested that the questions be sent to the Head of Corporate Communications at the NGC Lisa Burkett.
NGC: We will continue to negotiate in good faith, we will not conduct negotiations via the media
In a response, Burkett said "NGC has been in discussions with the LIC sector for over 18 months and is still in discussions with them. We all recognise that there is a changing energy landscape, not just in Trinidad and Tobago, but also globally.
"We are in active negotiations at this point and would not conduct negotiations via the media.
"NGC acknowledges the importance of the LIC sector and has approached its negotiations in that context. We will continue to negotiate in good faith."
Lost of jobs was calculated by PNM to control spending.rspann wrote:Grate is Rowley. Plenty who lose they jobs going and vote him back in.
Dizzy28 wrote:3,000 ppl really been planting trees these last few years? We should be looking like Borneo or DRC by now
Dizzy28 wrote:3,000 ppl really been planting trees these last few years? We should be looking like Borneo or DRC by now
Hope they continue to vote PNMThe_Honourable wrote:3000 busy...
De Dragon wrote:Dizzy28 wrote:3,000 ppl really been planting trees these last few years? We should be looking like Borneo or DRC by now
How fast you want the trees to grow soldier?
shake d livin wake d dead wrote:A major engineering company in south told its workers to expect pay cuts and reduced working hours from next month. Looks like this thing may go on for an indefinite period.
jhonnieblue wrote:Fluor I presume. This was planned a awhile nowshake d livin wake d dead wrote:A major engineering company in south told its workers to expect pay cuts and reduced working hours from next month. Looks like this thing may go on for an indefinite period.
Ben_spanna wrote:Hearing lots of observations that MANY retailers have pulled out of the malls and are still dropping like flies as the weeks go by... apparently some mall owners have absolutely no heart.
But then again.. look at the US as well, so many big chain stores are closing their doors.
What will the future of shopping be like after this covid sh1t.
Dizzy28 wrote:Ben_spanna wrote:Hearing lots of observations that MANY retailers have pulled out of the malls and are still dropping like flies as the weeks go by... apparently some mall owners have absolutely no heart.
But then again.. look at the US as well, so many big chain stores are closing their doors.
What will the future of shopping be like after this covid sh1t.
We are going on two full months of Malls being shut. There is no way some of those stores were making the coin to weather this kinna thing without some sort of relief which hasn't been forthcoming if the news are to be believed.