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OWTU Accepts 7% Offer From YARA Trinidad Ltd.

OWTU Accepts 7% Offer From YARA Trinidad Ltd.
Representatives from YARA (Trinidad) Ltd (Left) and the OWTU (Right) during the marathon negotiations.

PORT OF SPAIN, Trinidad (GISL) --  After another marathon session of negotiations, which commenced on Tuesday, March 28, 2017 at 1: 30 p.m. and ended on Wednesday, March 29, 2017 at 4:30 p.m. the Oilfield Workers’ Trade Union (OWTU) has agreed to accept an offer of seven (7%) over a three year period thus averting strike action.

The offer presented by YARA Trinidad Ltd is 2% for the first year, 2% for the second year and 3% for the third year for the period August 1, 2016 to July 31, 2019.

The offer was accepted after twenty-seven long hours of negotiations. The teams were represented by President General Ancel Roget of the OWTU, President Richard de la Bastide of YARA Trinidad Ltd and Ms. Sabina Gomes, the Chief Labour Relations Officer from the Ministry’s Conciliation Unit. Parties are still at the Ministry of Labour’s South Office on St. James Street finalizing the details of this settlement.

The settlement was reached on the last day that the Minister of Labour and Small Enterprise Development had to conciliate in the statutory fourteen-day period. Section 51:1 of the Industrial Relations Act provides for unresolved Trade Disputes to be reported to the Minister of Labour for conciliation.

The Trade Dispute was reported to the Minister of Labour and Small Enterprise Development Mrs. Jennifer Baptiste-Primus on March 14, 2017 after several bi-lateral meetings between YARA Trinidad Ltd and the OWTU, which is the Recognized Majority Union for YARA employees ended in stale-mate. The parties had their first meeting with the Ministry of Labour’s Conciliation Team on March 17, 2017.

For further information, contact the Ministry’s Corporate Communications Unit at 625-8478 Ext. 1203.