The notion that every Petrotrin employee will go home with hundreds of thousands of dollars is a fallacy, according to several workers who have already collected their termination letters.
Employees said yesterday that their separation payments cannot last any significant time, as they have outstanding loan and mortgage payments leading up to their retirement.
Petrotrin is no more. The two companies coming out of the defunct State enterprise are Heritage Petroleum Company and Paria Fuel Trading Company.
Heritage Petroleum is the new exploration company while Paria Fuel Trading will handle fuel logistics and the energy trading aspect of the business.
The company began its roll out of the new companies even as the matter of its injunction appeal is still to be substantively read out in the Court of Appeal.
The Industrial Court sanctioned injunction had been lifted for just one week last Wednesday.