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CWU CONDEMNS STATE ENTERPRISE GREED

posted 3 Mar 2015, 05:18 by Gerry Kangalee
On February 28, 2015, the Communication Workers union issued the following statement:

The Communication Workers' Union would like to publicly express its outrage at the disclosure made in Parliament recently by the Minister in the Ministry of Finance, Rudrinath Indarsingh, relative to the Compensation Packages received by Chief· Executive Officers/Presidents/Managing Directors of certain State Enterprises.What has us even more outraged, is the disclosure of the Compensation Package for the Chief Executive Officer of TSTT, which ranges from $210,000.00 to $300,000.00 per month for a local person, and, $287,000.00 to $400,000.00 per month for a foreigner, for the period 2009-2010. 

This can only be described as scandalous and borders on serious White Collar Criminal Activity'. How can anyone justify this exorbitant Package for the CEO of TSTT and in the same breath continually deny the hardworking, frustrated and demotivated Bargaining Unit Workers their just due. Imagine that the CEO is paid this obscene Package for the 2009-2010 period and the Company comes to the Industrial Court and is preaching economic and financial inability to afford a decent wage increase for its Bargaining Unit Staff for the period 2008-2010.

We wish to remind the nation that TSTT Bargaining Unit Workers are still operating on 2007 Salaries in 2015. Where is the internal equity in this scenario?

The CWU calls on the Board of Directors to immediately take steps to rectify this grave injustice meted out to the Bargaining Unit Employees of TSTT and conduct a comprehensive review of Executive Compensation Levels of TSTT Executives. We demand that the Board also immediately direct the Executive of the Company to initiate discussions aimed at resolving all outstanding Wage Negotiations for TSTT Bargaining Unit Employees to ensure that we at least gain some semblance of internal Equity relative to Compensation Levels within the Company.

With regards to the Compensation Packages for Executives of the other State Entities, once again this revelation is a demonstration of the Greed and Abuse. perpetuated by those persons charged with the responsibility to protect and advance the interest of the citizens of our Country. It is no wonder that the Country is bordering on a journey of unbridled lawlessness and immorality. This is definitely fuelled by the unfettered quest for opulence by a chosen few through the exploitation of the masses.

The CWU condemns this wanton abuse of State Resources and we call for an immediate Investigation to determine who is responsible for committing this alleged "White Collar Crime" on the unsuspecting citizens of our Country and bring to justice, those persons so accountable.

We commit to pursue this matter for and on behalf of
all Bargaining Unit Workers of TSTT and the ordinary citizens of Trinidad and Tobago until there is justice and equity for all.
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