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Petrotrin & OWTU Sign Memorandum of Agreement

Source: www.gulfoilandgas.com 1/9/2017, Location: South America

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Strike action has been averted at Petrotrin following extended conciliation talks at the Ministry of Labour and Small Enterprise Development.

After prolonged discussions between the Company and the Oilfields Workers’ Trade Union (OWTU), parties agreed to an interim payment of 5% payable immediately at the next payroll cycle and conciliation would continue at the Industrial Court. The agreement also includes that back pay will be paid over a mutually agreed period and based on agreed production/performance triggers to be determined and agreed upon.

The agreement also captures that the conciliation talks will be completed on or before 2017 February 28.

On the basis of this agreement the Union withdrew its strike notice for the 2014 - 2017/2018 period and this matter will now be referred to the Industrial Court for final determination.

Petrotrin places on record its thanks to the Minister of Labour and Small Enterprise Development, the Hon. Jennifer Baptiste-Primus who facilitated the conciliation talks that enabled these agreements. The Company wishes to thank the OWTU for their constructive participation in the process.

It is hoped that this outcome will allow for the timely resumption of the Company’s normal operations as we continue to work together in the interest of all stakeholders.

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