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TSTT "Transforms to survive" - retrenches workers

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hydroep
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Re: TSTT "Transforms to survive" - retrenches workers

Postby hydroep » February 20th, 2019, 9:18 am

TSTT CEO paid $180,000 a month
Company faced bankruptcy in 2 years
Julien Neaves

PUBLIC Utilities Minister Robert Le Hunte has reported that TSTT CEO Ronald Walcott receives a salary of $180,000 a month.

He was responding to a question in the Senate yesterday.

He said the package of the CEO and the vice president of human resources/industrial relations and corporate support (Carol David) was consistent with current remuneration packages.

He reported that the CEO, apart from his salary, also received a housing allowance of $15,000, an entertainment allowance of $5,000, a company-maintained car and medical coverage. The vice president received $105,000 per month, $7,000 housing allowance, $3,000 entertainment allowance, a company-maintained car and medical coverage.

Opposition Senator Wade Mark asked if the executives received annual bonuses, but Le Hunte said he was not in a position to answer. He added, however, that the salary paid was 50 per cent of what was paid from 2010-2015, when foreigners were employed.

He said as at December 14, 2018, a total 631 employees were severed from the company, including 77 who took voluntary separation, and this severance was part of a strategic plan to save the organisation from bankruptcy by 2021 and to save the existing 1,300 jobs.

Le Hunte said this was only one aspect of the restructuring and there was also digitisation and an ongoing “zero copper” exercise to remove copper from the infrastructure which was slowing down broadband services.

He also reported the management team was reduced from 18 people to ten and was the largest drop at the company. He was confident TSTT was on the right step to making its operations profitable.

Mark also asked if the money owed to TSTT by the Government for CCTV cameras caused the company to fire more than 600 employees.

Le Hunte said the issue, which had been in negotiations for the past six months, did not affect that decision as the company lost over $450 million in its first six months. “You cannot run a company, you cannot continue to invest and make the necessary types of advancement, especially when you are in a competitive environment, when you losing money, close to $100 million in operating profits.”

Le Hunte said last year the operating profit loss was $35 million.


https://newsday.co.tt/2019/02/20/tstt-ceo-paid-180000-a-month/

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Re: TSTT "Transforms to survive" - retrenches workers

Postby maj. tom » February 20th, 2019, 9:23 am

Pigs (Three Different Ones)!

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Re: TSTT "Transforms to survive" - retrenches workers

Postby Dizzy28 » February 20th, 2019, 9:34 am

Saw this last night and read social media comments.
Of those who are vex what do they propose the salary of the CEO of an A Class state enterprise should be?

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Re: TSTT "Transforms to survive" - retrenches workers

Postby VexXx Dogg » February 20th, 2019, 9:51 am

That's about right tho.
Me eh seeing what the frothup about.

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Re: TSTT "Transforms to survive" - retrenches workers

Postby shaneelal » July 2nd, 2021, 2:22 pm

https://www.facebook.com/Communication- ... 7472763278
The Communication Workers' Union is calling on the Government of Trinidad and Tobago to urgently meet with the Union to discuss the planned demise of TSTT whilst our Crown jewel is being hustled off to Amplia.
We are calling for Forensic Audits into TSTT.
Calling to see E&Y audit reports
Does NEL know something that TSTT has not said to the Union?
Is this the stepping stone for another retrenchment exercise?
Where is TSTT getting money from if they are allegedly embarking on another retrenchment exercise?
Are there persons lined up to buy shares?


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Re: TSTT "Transforms to survive" - retrenches workers

Postby ProtonPowder » July 2nd, 2021, 3:43 pm

The government's one of many objectives, to aid in the ultimate dependence of every citizen on central government, is to destroy unions.

They will retrench everyone and bring inexperienced ones back on short term contracts for far less pay, and by doing so, make them uninterested in paying dues to unions that arent equipped to represent them.

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Re: TSTT "Transforms to survive" - retrenches workers

Postby timelapse » July 2nd, 2021, 5:47 pm

Even being retrenched and out of a job, I am pretty sure plenty of them will still have the TSTT nastitude

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Re: TSTT "Transforms to survive" - retrenches workers

Postby Dohplaydat » July 2nd, 2021, 6:10 pm

ProtonPowder wrote:The government's one of many objectives, to aid in the ultimate dependence of every citizen on central government, is to destroy unions.

They will retrench everyone and bring inexperienced ones back on short term contracts for far less pay, and by doing so, make them uninterested in paying dues to unions that arent equipped to represent them.


Perfect, we need to get rid of unions.

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Re: TSTT "Transforms to survive" - retrenches workers

Postby gastly369 » July 2nd, 2021, 6:30 pm

huawei..

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Re: TSTT "Transforms to survive" - retrenches workers

Postby Dohplaydat » July 2nd, 2021, 7:02 pm

TSTT retrenchment might be another few hundred million paid by us tax payers eh.

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Re: TSTT "Transforms to survive" - retrenches workers

Postby sMASH » July 28th, 2021, 11:35 pm

https://www.guardian.co.tt/business/tst ... 05f8b92a3e

guardian wrote:
TSTT legally required to implement fixed number portability
by
Wed Jul 28 2021
Derek Achong

A High Court Judge has declared that majority State-owned Telecommunications Services of T&T (TSTT) is legally required to implement fixed number portability (FNP) for fixed lines. Delivering a written judgement, yesterday, Justice Frank Seepersad partially upheld a lawsuit from Columbus Communications Trinidad Limited (CCTL) against the Telecommunication Authority of T&T (TATT), over its failure to take enforcement action against TSTT on the issue. In the lawsuit, Seepersad had to determine whether TSTT was legally bound to implement portability, under which customers are allowed to change their service provider while maintaining their unique telephone number. Justice Seepersad rejected TSTT’s claims that the Telecommunications Act and TATT’s associated Regulations only required that it facilitate portability, not implement it. “TSTT’s interpretation of the proposed amendment to Regulation 9 disregards the established interpretative requirement to avoid an interpretation which is absurd and its position defies common sense, commercial logic and is devoid of practicality,” Justice Seepersad said. He also strongly criticised TSTT’s conduct while highlighting the importance of portability. “TSTT’s resistance to the implementation of FNP must be strongly condemned and its behaviour instilled, in the Court, a feeling that it was prepared to engage in protracted and wilful defiance so as to protect its market share,” Seepersad said. “Citizens should not be forced, frustrated or blackmailed into staying with a telecommunications provider because of fear of inconvenience or uncertainty. TSTT’s behaviour has been callous and calculating and must be roundly rejected,” he added. After ruling that he was resolute in his view that TSTT had a legal requirement, Seepersad had to determine what reliefs, if any, should be awarded CCTL based on its success in its judicial review lawsuit against TATT. Seepersad noted that TATT had three options available to it based on the circumstances- suspending TSTT’s concession, taking criminal proceedings against it or obtaining a fiat (formal permission) from the Office of the Attorney General to obtain injunctive relief in the High Court. He noted that suspension of the concession was not desirable as it would potentially impact thousands of citizens, who currently utilise TSTT.“Such a course would be disastrous and debilitating as it could negatively impact upon society’s tenuous and evidently weakened socio-economic health,” he said, as he described the option as a last resort as it may also affect national security. Justice Seepersad also stated that criminal proceedings could not compel TSTT to comply as, at most, it could be slapped with a one-off fine and a continuing one. He noted that TATT had correctly gone with the third option as it wrote to the AG’s Office in 2019 to get permission, which he (Seepersad) suggested should be forthcoming based on his decision in the case. However, he questioned TATT’s delay in taking the action. He also questioned whether the delay was due to the State’s role as majority shareholder of TSTT and suggested that if it was, a review of the regulatory framework should be considered.“The existence of these types of arrangements can lead to conflicts of interest, violate the tenants of good governance and compromise the public’s best interest,” Justice Seepersad said. While he was not required to grant any reliefs besides the declaration over TSTT’s legal obligation, Justice Seepersad still ordered TATT to pay 50 percent of CCTL’s legal costs as he ruled that the lawsuit was not devoid of merit or academic. TSTT was ordered to bear its own legal costs. According to the evidence in the lawsuit, CCTL brought the case after it expended $5 million to facilitate FNP but TSTT failed to abide by the December 31, 2017, deadline for the start. Justice Seepersad allowed TSTT to be joined as an interested party. TSTT appealed but the Court of Appeal upheld Justice Seepersad’s initial ruling. CCTL’s lawsuit came as another service provider, Digicel, filed separate legal proceedings against TSTT over allegations that it engaged in anti-competitive behaviour by refusing to facilitate porting requests from over 4,000 mobile customers. High Court Judge Nadia Kangaloo declined to deal with the dispute, which she suggested was within TATT’s remit.Digicel appealed but the Court of Appeal upheld her handling of that case. CCTL was represented by Steven Singh and Amanda Adinoolah, while Douglas Mendes, SC, and Gabrielle Gellineau represented TATT. Martin Daly, SC, Christopher Sieuchand and Sashi Indarsingh represented TSTT.



why does the state insist in wasting tax payers dollars in fighing cases, to uphold their intention to inconvenience the citizens?

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Re: TSTT "Transforms to survive" - retrenches workers

Postby 88sins » July 29th, 2021, 4:54 pm

orhor,

so dat explains ycd digicel fella was walking around asking people if they wanna switch carriers and keep their same number.

Anywho...
aj go stick with bmo.
I rather 51% of the profit of my money remain here than 100%:of it go to some reheaded Irishman that hates people with my skin color

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Re: TSTT "Transforms to survive" - retrenches workers

Postby Wraith King » July 29th, 2021, 8:16 pm

:drinking:
88sins wrote:orhor,

so dat explains ycd digicel fella was walking around asking people if they wanna switch carriers and keep their same number.

Anywho...
aj go stick with bmo.
I rather 51% of the profit of my money remain here than 100%:of it go to some reheaded Irishman that hates people with my skin color


As I saw someone posted on social media, nothing that red good eg. women, Digicel and PNM.

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Re: TSTT "Transforms to survive" - retrenches workers

Postby Dizzy28 » October 22nd, 2021, 10:02 am

Seeing the Communications Workers Union having a Presser now on something big within TSTT r.e. corruption.

https://fb.watch/8Ovua_3sfg/

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Re: TSTT "Transforms to survive" - retrenches workers

Postby h1tach1 » October 24th, 2021, 11:50 am

https://www.guardian.co.tt/news/tstt-no-special-payment-made-to-bacchus-when-he-left-6.2.1403838.d369f8f5b1

Na­tion­al tele­coms com­pa­ny, Telecom­mu­ni­ca­tions Ser­vices of Trinidad and To­ba­go (TSTT) is re­fut­ing claims by the Com­mu­ni­ca­tions Work­ers Union that Min­is­ter of Dig­i­tal Trans­for­ma­tion, Sen­a­tor Has­sel Bac­chus, was giv­en spe­cial pay­ments up­on his re­tire­ment from the com­pa­ny.

In an of­fi­cial state­ment is­sued last night, TSTT ac­cused the Com­mu­ni­ca­tions Work­ers Union of mak­ing “some patent­ly false al­le­ga­tions against the Board and man­age­ment of TSTT” which are “sim­ply un­found­ed”.

In its state­ment on the mat­ter, the com­pa­ny as­serts that no pref­er­en­tial treat­ment was giv­en to Min­is­ter Bac­chus, and any pay­ments made to him were in ac­cor­dance with stan­dard HR prac­tise.

TSTT said:

“TSTT treats all em­ploy­ee and HR-re­lat­ed mat­ters in the strictest con­fi­dence and there­fore will not dis­close any de­tails of a for­mer em­ploy­ee’s con­trac­tu­al arrange­ments in­clu­sive of pen­sion ben­e­fits, ir­re­spec­tive of the in­di­vid­ual’s po­si­tion or tenure.

How­ev­er, TSTT wish­es to state cat­e­gor­i­cal­ly that save for the trans­fer of a ve­hi­cle, no ex-gra­tia pay­ment was made to Sen­a­tor Has­sel Bac­chus on his de­par­ture from the or­ga­ni­za­tion.

TSTT can al­so con­firm that the process used to de­ter­mine Sen­a­tor Bac­chus’ pen­sion ben­e­fits, af­ter 31 years of ser­vice, was in full com­pli­ance with the pro­vi­sions of the Trust Deed and Rules of the req­ui­site pen­sion plan.

The cal­cu­la­tion and pay­ment of pen­sion ben­e­fits were ad­min­is­tered by the in­de­pen­dent Trustees of the Pen­sion Plan and as such no pay­ments were made di­rect­ly by the Com­pa­ny, nor was the Com­pa­ny in­volved in the com­pu­ta­tion.

Any spec­u­la­tion ques­tion­ing the in­tegri­ty of the process is sim­ply un­found­ed.”

In a Face­book live broad­cast on Fri­day, CWU Sec­re­tary Gen­er­al Clyde El­der al­leged that there was a pay­ment of more than $2 mil­lion and a month­ly pen­sion of $56,000 to now Min­is­ter of Dig­i­tal Trans­for­ma­tion Sen­a­tor Has­sel Bac­chus, af­ter his res­ig­na­tion from TSTT.

El­der called for a full in­ves­ti­ga­tion in­to what he says was pref­er­en­tial treat­ment af­ford­ed to Min­is­ter Bac­chus by the com­pa­ny, pri­or to his be­com­ing a Gov­ern­ment Sen­a­tor and Min­is­ter.
Last edited by h1tach1 on October 24th, 2021, 5:18 pm, edited 1 time in total.

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Re: TSTT "Transforms to survive" - retrenches workers

Postby h1tach1 » October 24th, 2021, 5:18 pm

https://newsday.co.tt/2021/10/24/gonsalves-no-investigation-into-cwu-allegations-about-tstt-bacchus-at-this-time

Minister of Public Utilities Marvin Gonzales said he cannot investigate the allegations of a payout between the Telecommunication Services of TT (TSTT) and Minister of Digital Transformation Senator Hassel Bacchus, at this time.

Gonzales told Newsday the matter was raised in the public domain and there was no written request or queries before him about it.

“I know of the issue based on what I am reading on the national newspapers. I was never briefed on anything concerning this particular matter so, unfortunately, I would not be able to offer any comment on it.

“If there is any evidence presented to me or the Ministry of Public Utilities in relation to anything under my remit, then of course it would be investigated.”

On Friday Communication Workers’ Union (CWU) president Clyde Elder alleged that Bacchus received special treatment from TSTT’s pension plan.

He claimed Bacchus was paid a $2 million lump sum and $42,000 monthly which was money taken from the pension plan fund, in which other workers were having problems accessing, while people were receiving $800 and $1,000 pension payments.

Speaking with Newsday, Elder said the issue was not with Bacchus or Gonsalves, but with the mismanagement of TSTT’s pension fund by its executive.
Communication Workers Union president Clyde Elder. -

Elder said, “Gonsalves has failed to meet with the union to date on other matters. If he wanted to intervene, he could, but he is taking a hands-off approach because it involves his Cabinet colleague.

“My focus is TSTT’s treatment of its pensioners. My issue is with TSTT and the management because they are presiding over wastage and corruption.”

He added that the CWU was prepared to take the matter to court if necessary.

TSTT, on Friday, said the CWU’s allegations against its board and management were false.

In a media release it said, “TSTT treats all employee and HR-related matters in the strictest confidence and therefore will not disclose any details of a former employee’s contractual arrangements, inclusive of pension benefits, irrespective of the individual’s position or tenure.

“TSTT wishes to state categorically that save for the transfer of a vehicle, no ex-gratia payment was made to Senator Hassel Bacchus on his departure from the organisation.”

It added that the process used to determine Bacchus’ pension for his tenure of 31 years’ service was done in full compliance with the provisions of the Trust Deed and Rules pension plan.

“The calculation and payment of pension benefits were administered by the independent trustees of the pension plan and, as such, no payments were made directly by the company, nor was the company involved in computation,” TSTT said.
Minister of Digital Transformation Hassel Bacchus. -

Newsday attempted to reach Bacchus for comment but calls to his phone went unanswered.

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