The Communication Workers Union says it is considering all legal options after The Telecommunications Services of Trinidad and Tobago issued retrenchment notices to more than 500 employees.
Secretary General of the Communication Workers Union, Clyde Elder has confirmed that he was one of the persons issued with a retrenchment letter on Thursday.
According to a statement from TSTT, 503 Junior and Senior staff received their notices along with payment in lieu of the forty-five days’ notice.
In a media release TSTT said to date, it has been plagued with a perennial problem of high employee costs.
It indicated that of the seven hundred and sixty-eight million dollars annual wage bill, emoluments to Junior and Senior Staff comprise 82.3 percent.
The statement added that the company also owes 700 million dollars in back pay to staff.
TSTT’s CEO, Dr. Ronald Walcott also revealed that in the previous financial year, the company recorded an operating loss of 32.5 million dollars.
He added that in the six months of the current financial year to September 2018, the company recorded a loss of 478.8 million dollars.
However, speaking with News Power Now, Mr Elder insisted that the company’s decision was expected given the actions taken at state owned Petrotrin.
He said it would not deter him from advocating for the rights of workers.
The Union is said to be engaging in protest action over the retrenchments.