The Steel Workers Union is today reporting that not much progress has been made on matters relating to employees’ pension plan, following its meeting with officials of Arcelor Mittal Point Lisas. On Monday SWU executive members held discussions with the multi-national company.
Labour Minister, Jennifer Baptiste Primus, was also present at the session.
Recently the foreign firm decided to close its operations in Trinidad citing a slowdown in international steel activity.
SWU President, Christopher Henry, revealed that there are still challenges to be addressed where this is concerned.
Steel Workers Union President, Christopher Henry.
A political analyst is imploring that economic and financial lessons be learnt by the country from mistakes made in the past.
Rishi Maharaj contends that some of these factors resulted in the nation going to international financial institutions for help.
Speaking during a News Power Now interview this afternoon, Mr. Maharaj said now more than ever before, prudence must be demonstrated in spending and managing limited resources.
Political Analyst, Rishi Maharaj.