Friday, May 21, 2010

Union claims TSTT paid top execs $70M in bonus

The Communication Workers Union (CWU) is claims that the Telecommunications Services of Trinidad and Tobago (TSTT) has paid its managers a five per cent increase in salaries and bonus of over $70 million.

In a media release Thursday the union said the payout was based on TSTT's recording operating profits of over $300 million for the 2009-10 financial year 2009.


“This profit was realised due to the continued hard work and commitment of the junior and senior staff employees, who continue to work in the vineyards on a 2005 salary and have been repeatedly treated with contempt and disrespect by an uncaring TSTT management and a dismissive Government,” the release stated.

CWU pleaded for the intervention of the authorities to end “this abuse of state resources and contempt and disrespect for our members."

The union added, “We would like to inform the public that this latest travesty is taking place while we are yet to be informed of the exact date that the twenty-year Heads of Agreement signed between the Government and Cable and Wireless in 1990 is supposed to officially expire.”

It called for an
immediate settlement of outstanding negotiations with the company and also demanded a public investigation into the staging of the Beyonce, “I Am” concert earlier this year. It also wants an audit of TSTT's financial operations.

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Jai & Sero

Jai & Sero

Our family at home in Toronto 2008

Our family at home in Toronto 2008
Amit, Heather, Fuzz, Aj, Jiv, Shiva, Rampa, Sero, Jai