Trinidad & Tobago Operator to Cut 4% of its Workforce
Published on: 8th Apr 2008
Note -- this news article is more than a year old.
Telecommunications Services of Trinidad and Tobago (TSTT) has announced plans to cut its workforce by 4% to increase efficiency in an increasingly competitive market. Approximately 40 members of its managerial staff were separated from the company earlier this week. TSTT has since written to the Communication Workers Union advising them that the company has identified 83 employees from within general staff whose positions have been identified as redundant with plans for separation.
"Since our initial announcement of the need to restructure in August 2007, to date the company has separated 9% of its managerial staff, and in this phase, the Union has received notice of our intention to separate what represents 4% of the general staff total" said Edghill Messiah, Vice President Human Resources and Administration.
The company has been engaged in identifying those jobs that are surplus to its current requirements as a direct result of the need to restructure the organization within the recently liberalized telecommunications sector and reduce cost.
"We of course understand that this is a difficult time for those who have served the company and who will be affected, and have taken the steps to prepare them for success in their future endeavors by offering counseling and employee assistance services through our EAP programme" said Messiah, while adding that the company wishes to sincerely thank those men and women who have offered their service over the years.
The company has seen its mobile monopoly eroded after the arrival of Digicel in the market - although the two companies have been engaged in acrimonious battles over interconnection rights.