Home' Trinidad and Tobago Guardian : July 5th 2013 Contents A23
• Twitter: @GuardianTT • Web: guardian.co.tt
A trade union leader has asked
Finance Minister Larry Howai to
itemise the 66 collective agree-
ments settled by the government
so far, the costs of those settle-
ments and government s total
expenditure on wages and
In a letter dated July 4, Dave
Smith, General Secretary of the
National Workers Union (NWU)
has also asked the minister to pub-
lish its cost estimates of interim
agreements the government has
entered into and the parties with
which they have been entered.
Smith cited claims by Planning
and Sustainable Development Min-
ister Dr Bhoendradatt Tewarie that
government had settled 66 out of
75 collective agreements for workers
at a cost of some $8 billion.
He wrote: "As you should be
aware the government only nego-
tiates through its Chief Personnel
Officer, with those unions that rep-
resent specific groups of workers.
Some of these workers include:
public service, police service, pris-
ons service, teaching service, fire
service, government daily paid etc.
These workers are certainly not
covered by 75 collective agreements.
"Do the 66 negotiations include
those in the private sector, public
service, statutory authorities and
state enterprises, which were settled
whether bilaterally or through
Industrial Court arbitration?
Smith asked for clarification of
the settlement figure.
He said while Tewarie had
repored that the negotiations had
been settled at a cost of $8 billion,
Howai, in his presentation to the
Parliament during debate on the
Finance (Supplementary Appro-
priation) (Financial Year 2013) Bill
2013 said approximately $1.8 billion
of the $2.8 billion approved by Par-
liament has been allocated for set-
tlement of wages and salaries for
2008-2010 collective agreements
as well as "interim settlements"
for the 2011-2013 bargaining period.
He also noted that in the Review
of the Economy 2012 government
expenditure on salaries and wages
was expected to increase to $7.5
billion as a result of the settlement
of some negotiations which "have
since been paid".
"According to Dr Tewarie s state-
ment 66 negotiations were settled
at the cost of $8 billion, but the
government s figures say that the
entire wage and salary bill of the
government was expected to be
$7.5 billion in 2012.
"The Estimates of Recurrent
Expenditure for 2012-2013 bud-
geted for a government wage and
salary bill at $8.6 billion. The dif-
ference between the 2012 and 2013
figures for government s wage and
salary bill is $1.1 billion, but you
went back to Parliament for $1.8
billion to settle negotiations. This
is $700 million more than the bud-
geted figure," Smith wrote.
He added: "You made reference
to "interim settlements" for the
period 2011-2013. Collective agree-
ments are settled when unions and
managements sign off on the texts
which are then registered in the
Industrial Court and become legally
binding documents. What are these
"interim settlements" and with
whom have they been made?"
Union leader to Howai:
'Give full details on
The price of oil eased to below $101 a
barrel Thursday after jumping higher on
unrest in Egypt and signs of rising
demand in the US.
By early afternoon in Europe,
benchmark crude for August delivery was
down 48 cents at $100.76 in electronic
trading on the New York Mercantile
On Wednesday, the contract gained
$1.64 to $101.24, its highest close since
May 3, 2012.
Nymex floor trading is closed Thursday
for the Independence Day holiday.
Two events have propelled the price of
oil higher in the past days: unrest in Egypt
and a big drop in US oil supplies.
Traders were worried that political
upheaval in Egypt could slow the flow of
oil from the Middle East to world markets.
Egypt is not an oil producer but its
control of one of the world's busiest
shipping lanes gives it a crucial role in
maintaining global energy supplies. The
Middle East accounts for about a quarter
of the world's crude oil output, or 23
million barrels per day.
About two million barrels of that, or 2.2
per cent of world demand, are transported
daily through the Suez Canal, which links
the Mediterranean with the Red Sea.
Much of that oil is headed to Europe,
but a supply drop anywhere in the world
leads to higher prices everywhere.
Oil near $101 amid Egypt unrest
Prime Minister Kamla Persad-Bissessar talks with President of the United
Natiions General Assembly Vuk Jeremic, left and Barbados Prime Minister
Freundel Stuart at the Chaguaramas Convention Center yesterday, where
the Caricom Heads of Government attended a rededication ceremony for the
signing of the Treaty of Chaguaramas. PHOTO: SHIRLEY BAHADUR
Links Archive July 4th 2013 July 6th 2013 Navigation Previous Page Next Page