The Oilfields Workers Trade Union (OWTU) and the T&T Electricity Commission (T&TEC) are expected to sign off on a collective agreement today.
While OWTU officials were tight-lipped about the settlement, Finance Minister Colm Imbert announced on Wednesday that Government would settle the T&TEC wage negotiations at 10 per cent —cost to the state of TT$500 million.
The negotiations had been ongoing since 2011.
The negotiations are expected to come to a close today at a meeting scheduled for 2 pm at T&TEC's Mt. Hope offices.