Petrotrin refinery shut down

[teems1]

Hmmm. So, we couldn't afford to produce feuls.. Yet was able to have regional buyers...

Yes, buying and paying for shipping, wayyyy cheaper than taking it from the ground and making it urself...

Wasn't the problem that Petrotrin wasn't profitable even without the financial burdens from the WGTL/ULSD etc.

Petrotrin was borrowing money every month from government to meet opex. Imagine if goverment said no more loans.

[nervewrecker]

E&P was spinning a profit.

[kstt]

https://m.facebook.com/story.php?story_ ... 5603002784

[DanielCW]

Hmmm. So, we couldn't afford to produce feuls.. Yet was able to have regional buyers...

Yes, buying and paying for shipping, wayyyy cheaper than taking it from the ground and making it urself...

Wasn't the problem that Petrotrin wasn't profitable even without the financial burdens from the WGTL/ULSD etc.

Petrotrin was borrowing money every month from government to meet opex. Imagine if goverment said no more loans.

Petrotrin was borrowing money from the government? Where is the evidence of this, Petrotrin sought government guarantees for short term borrowing which they financed via their own cash flows.

[Joshie23]

Hmmm. So, we couldn't afford to produce feuls.. Yet was able to have regional buyers...

Yes, buying and paying for shipping, wayyyy cheaper than taking it from the ground and making it urself...

Wasn't the problem that Petrotrin wasn't profitable even without the financial burdens from the WGTL/ULSD etc.

Petrotrin was borrowing money every month from government to meet opex. Imagine if goverment said no more loans.

Lol, look Franklin Khan join 2NR. Or is it Imbert..?? We'll never know, I guess.

[gastly369]

Hmmm. So, we couldn't afford to produce feuls.. Yet was able to have regional buyers...

Yes, buying and paying for shipping, wayyyy cheaper than taking it from the ground and making it urself...

Wasn't the problem that Petrotrin wasn't profitable even without the financial burdens from the WGTL/ULSD etc.

Petrotrin was borrowing money every month from government to meet opex. Imagine if goverment said no more loans.

Lol, look Franklin Khan join 2NR. Or is it Imbert..?? We'll never know, I guess.

XD ....

[kstt]

What about the LAND that the PM promised former workers.

And severance to temporary workers.


The union and court need to address those issues

[wing]

There are no provisions for severance payments for temporary workers in the collective agreement.

[mitch1980]

Hmmm. So, we couldn't afford to produce feuls.. Yet was able to have regional buyers...

Yes, buying and paying for shipping, wayyyy cheaper than taking it from the ground and making it urself...

Wasn't the problem that Petrotrin wasn't profitable even without the financial burdens from the WGTL/ULSD etc.

Petrotrin was borrowing money every month from government to meet opex. Imagine if goverment said no more loans.

Petrotrin was borrowing money from the government? Where is the evidence of this, Petrotrin sought government guarantees for short term borrowing which they financed via their own cash flows.

yes Petrotrin was constantly borrowing to pay Operational cost
and with the ridiculous action of trying to hold the country ransom WRT gas supply for their 5% increase in January 2017 which was unheard off as the company is making year to year loss but pressuring the government funded by tax payers for salary increase.
the public seem to have a short selective memory


http://portal.guardian.co.tt/news/2017- ... ess-nation

[Joshie23]

Hmmm. So, we couldn't afford to produce feuls.. Yet was able to have regional buyers...

Yes, buying and paying for shipping, wayyyy cheaper than taking it from the ground and making it urself...

Wasn't the problem that Petrotrin wasn't profitable even without the financial burdens from the WGTL/ULSD etc.

Petrotrin was borrowing money every month from government to meet opex. Imagine if goverment said no more loans.

Petrotrin was borrowing money from the government? Where is the evidence of this, Petrotrin sought government guarantees for short term borrowing which they financed via their own cash flows.

yes Petrotrin was constantly borrowing to pay Operational cost
and with the ridiculous action of trying to hold the country ransom WRT gas supply for their 5% increase in January 2017 which was unheard off as the company is making year to year loss but pressuring the government funded by tax payers for salary increase.
the public seem to have a short selective memory


http://portal.guardian.co.tt/news/2017- ... ess-nation

Harharhar...short memory yes. Look ting. It's funny how and when we remember where taxpayer's dollars were used.

[nervewrecker]

What about the LAND that the PM promised former workers.

And severance to temporary workers.


The union and court need to address those issues

Heard talk the land is leased land.

[The_Honourable]

What about the LAND that the PM promised former workers.

PNM doh give people especially a black man land boi... they quicker lease the land to a syrian or switch it for housing where supporters and their generations after will be under control via a rental agreement.

[nervewrecker]

I understand the land is leased land from private owners. Governemt cant come and lease someone else it.

I want to know about all these contracts petro sign for rental of vehicles.
The nissan np300 was leased for 5 years afaik.

[kstt]

[kstt]

Kudjoe was fired from Petrotrin for failure to comform to HSE policy.

[infinite_RPM]

I seeing news reports saying crude could dip to 40 dollars?

[Allergic2BunnyEars]

https://newsday.co.tt/2018/11/29/some-w ... to-suffer/

[Redman]

These guys should show their documented contributions to a benefits package to the press.

[Joshie23]

These guys should show their documented contributions to a benefits package to the press.

Elaborate. A penny for your thoughts. If they cost more, I'll check a partner or two tomorrow evening when they get their $500,000 average.

[Redman]

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

[Pointman-IA]

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

I see where you are getting at.

They would not be able to contribute to the pension plan.

Lets hope they have some sort of savings put aside.

[Allergic2BunnyEars]

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

Does the question of contributing to a plan influence whether or not temps get some form of severance package?

[alfa]

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

Does the question of contributing to a plan influence whether or not temps get some form of severance package?

There is no plan in place to contribute to in case the company is shut down. Pension and health plans are something different. Regardless if a temporary worker chose to stay temporary for 35+ years (I know someone like that in real) or if they should not have chosen to stay there is irrelevant. You work for all these years and not entitled to a cent simply isn't fair. But then again Espinet said unions and industrial courts are a thing of the past, so Massa day ent done.

[neilsingh100]

Org charts for Heritage & Paria

[nervewrecker]

Manager like rain

[Joshie23]

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

I see where you are getting at.

They would not be able to contribute to the pension plan.

Lets hope they have some sort of savings put aside.

I saw what he was getting at as well..

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

Does the question of contributing to a plan influence whether or not temps get some form of severance package?

so this is what I was getting at. Being real, any extended period of time in an organisation without attempting to elevate yourself in any form, is on you. I won't dispute that. But to take that 'hard luck' approach, is inhumane. Especially when the PM and other minions said that no one would leave empty-handed. There is no ambiguity there, but then again, shame on me for believing a politician, right?

As Pointman-IA said, I hope they have some savings. And yes, business is business, but to those who support that callous and possibly even spiteful move and rejoice in the face of yet another unemployed member of our society, I genuinely hope that you never have to suffer in any form.

Manager like rain

This is what's best for the country. It's a surefire way to prevent the haemorrhaging that the Company was formerly experiencing. I love my Trinidadian brethren, you know.

$45,000 average total compensation package: 'Wey, wickedness yes!! Greedy tf!! Shut it tf down!! Not my taxpayer's dollars at all!!'
$240,000 basic pay; exclusive of medical, housing, travel, entertainment, etc, for one man: 'Well, you know, we have to pay the best, if we want the best and he is the CEO and he have experience all over the world, you know nah. Rowley and them know what they doing'.

Mind you, his basic salary for a year, is more than the profit Heritage intends to make in said year, according to Allyson West. Trinidadians for ya.

[nervewrecker]

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

I see where you are getting at.

They would not be able to contribute to the pension plan.

Lets hope they have some sort of savings put aside.

I saw what he was getting at as well..

My thoughts remain 10,15,20 year as a temporary worker is a choice.

Were they contributing to a plan?

Does the question of contributing to a plan influence whether or not temps get some form of severance package?

so this is what I was getting at. Being real, any extended period of time in an organisation without attempting to elevate yourself in any form, is on you. I won't dispute that. But to take that 'hard luck' approach, is inhumane. Especially when the PM and other minions said that no one would leave empty-handed. There is no ambiguity there, but then again, shame on me for believing a politician, right?

As Pointman-IA said, I hope they have some savings. And yes, business is business, but to those who support that callous and possibly even spiteful move and rejoice in the face of yet another unemployed member of our society, I genuinely hope that you never have to suffer in any form.

Manager like rain

This is what's best for the country. It's a surefire way to prevent the haemorrhaging that the Company was formerly experiencing. I love my Trinidadian brethren, you know.

$45,000 average total compensation package: 'Wey, wickedness yes!! Greedy tf!! Shut it tf down!! Not my taxpayer's dollars at all!!'
$240,000 basic pay; exclusive of medical, housing, travel, entertainment, etc, for one man: 'Well, you know, we have to pay the best, if we want the best and he is the CEO and he have experience all over the world, you know nah. Rowley and them know what they doing'.

Mind you, his basic salary for a year, is more than the profit Heritage intends to make in said year, according to Allyson West. Trinidadians for ya.

What makes people think there are temps that didnt elevate themselves?
They get upgraded if work is of a certain standard and they have a certain qualification.
Have many temps I know started small business on the side.
I can call some name of some companies that are owned by men from there. Those werent temps tho.

[Numb3r4]

^^^ Would working for Petrotrin and having a small business be considered a conflict of interest, or is that even legal working for a public entity and having a business?

Asking seriously.

[Pointman-IA]

^^^ Would working for Petrotrin and having a small business be considered a conflict of interest, or is that even legal working for a public entity and having a business?

Asking seriously.

If the business was involved in any work at the deceased Petrotrin, you had to complete the "Conflict of Interest" documentation.

[Redman]

@joshie.....i have never rejoiced at any ones misfortune.....but they were paid for their services....very well it seems..and enjoyed the pros of working as a temp at Petrotrin.
I just do not think they are victims.

@alfa....is in fair to give someone something for nothing?
Would it be fair to deny those who DID contribute and made the sacrifice?

So who's would you all calculate a temps package?