The strike at state-owned Petrotrin has been called off.
The strike was dismissed this afternoon after yet another marathon meeting between the OWTU and the company.
OWTU president Ancil Roget has stated that the union was offered a 5% increased for the period 2011 to 2014 and that the union has accepted the offer.
A first settlement is expected to be paid by the end of February.
This effectively ends the deadlock between the union and the company and will see both sides going back to the negotiating table in good faith.
Confusion reigns supreme today as it's uncertain whether the OWTU is going to carry out its strike as threatened against state-owned Petrotrin.
Petrotrin workers were told by the union to gather at their respective jobs from 7 this morning in anticipation of further directives from the Union.
However, a 10 am deadline came and went without any directive to strike. That turned into an eleven o’clock deadline which has since turned into an indefinite waiting game.
There was a delay this morning in implementing the OWTU strike at state-owned Petrotrin.
This comes with the OWTU extending the deadline again this morning after an initial 24-hour extension.
Meanwhile the Ministry of Labour, Jennifer Batiste Primus is expected to address the media on this matter.
The Labour Minister has been locked in marathon sessions with the OWTU and Petrotrin officials in an attempt at ending the deadlock between the two parties.