Another multi-national company is set to close its doors in T&T and approximately 55 employees are to be sent home.
Staff at Carillion (Caribbean) Limited, a local subsidiary of Canada-based Carillion Plc, say they have been offered enhanced Voluntary Separation Packages (VSEP) as its local operations are expected to wind up at year's end.
The company is in the business of construction, civil, electrical and mechanical engineering and had been involved in major projects in T&T.
In March, ArcelorMittal shut down its operations sending home 644 employees, while three other local companies which depended on the steel plant to operate also closed shop and sent home their workforce.
A senior member of staff, who spoke on the condition of anonymity, said the human resources manager from Canada's headquarters visited the Brickfield, Waterloo Road, Carapichaima facility recently and told employees about the direction the company is now forced to take because of the downturn in the economy.
The employees were offered VSEP packages, inclusive of all entitlements and holidays, and will be given approximately 40 days notice of who is next to go home. The process is expected to be on a phased basis, with the first phase beginning at the end of this month. Including in the first five to go home is a senior manager who has been employed at the company for about 15 years.
"It is only verbal notice that employees are being given and in every month, five names will be given as to who are next to go home with their respective packages. The company is doing it smartly under the limit so that they won't have to inform the Minister (of Labour) as to what is happening," the employee said.
The employee said management has allegedly given instructions not to take on projects that would exceed November/December this year.
Asked how members of staff are coping, the employee said: "Staff are disappointed and saddened but they are doing what they are supposed to do because they know they have to go home there is no option there.
"The fortnightly paid workers, though, have no clue as to what is happening. They are questioning certain things but no one is telling them anything."
Reports are that the last of staff members to go in November will be the person who holds the position of timekeeper.
Carillion Canada's Director, Marketing and Communications, Andrew Brown in an emailed response to questions said due to the drop in oil prices over the past year and the current economic situation in T&T, Carillion had to take steps to remain competitive. He said the company has become more selective in the works tendered and will focus on the core skills of fabrication works at the Waterloo Depot, including offshore installation and fabric maintenance works.
"Because of this refined focus, there has been a reduction in the size of the local workforce," Brown said.
However, Brown assured that Carillion will deliver on current contractual obligations while maintaining expected standards of safety and quality.