The Finance Minister is going on a fact finding mission to get critical details from officials at Arcelor Mittal Point Lisas which recently took a decision to close its operations in Trinidad.
Colm Imbert made the revelation while speaking at the weekly post cabinet media briefing held at the Office of the Prime Minister, St Clair this afternoon.
Minister Imbert also confirmed that he will hold discussions with the former steel workers as well as the union which represents them.
Recently Labour Minister, Jennifer Baptiste Primus, held discussions with officials at the multi-national company.
Mr Imbert said the meeting on Friday is vital to acquire information that will help to chart a way forward for all the parties involved and the nation will be notified of the outcome of the discussions at a media briefing at the Ministry of Finance on Monday at 11am.
Finance Minister , Colm Imbert
Meanwhile, Desperation is the word used by the Steel Workers Union to describe the current situation involving former workers of Arcelor Mittal Point Lisas.
Recently the multi-national company cited a combination of local and international challenges for its decision to close operations in Trinidad.
It explained that despite its efforts to avoid the closure of the iron and steel facility it has been under severe financial distress since the second half of 2015.
In an interview this week, Steel Workers Union President, Christopher Henry, admitted that it has not been an easy road for the former employees.
However, Mr Henry confirmed that the union has been exploring avenues where the former steel workers can be integrated in other areas of the work force.
Steel Workers Union President, Christopher Henry.