Petrotrin pays $50 million backpay to former non-permanent workers

Tuesday, January 15, 2019 - 16:00

Petrotrin says that it has transferred $50 million to commercial banks to fulfill its commitment to pay all former non-permanent workers outstanding backpay for the period 2011 to 2018.

Some 2069 individuals will benefit from the payout.

A statement by Petrotrin says that a team from PricewaterhouseCoopers (PWC) worked diligently during the past several weeks to ensure the company met its commitment to pay workers by January 15.

Petrotrin ceased operations on November 30, 2018, but the process for determining the amounts owed to each worker required detailed work.

Petrotrin says that in any one year an individual may have worked in different jobs for different periods of time at different salaries/wages, and therefore, each individual case had to be researched thoroughly and calculated independently.