“While the Telecommunications Services of Trinidad and Tobago (TSTT) has experienced 35 per cent reduction in value, the company has embarked on another reorganisation exercise, that when successfully implemented, is expected to yield significant profits going forward.”
This statement made by chairman of National Enterprise Limited Ingrid Lashley on June 25 as part of NEL’s summary audited financial results for the year ended March 31, has caused consternation for the Caribbean Workers Union.
In a Facebook Live video yesterday. CWU’s head Clyde Elder called on Lashley to explain what she meant.
Elder said since Lashley’s statement the union has reached out to TSTT for clarification.
That led to a virtual meeting a team TSTT from led by General Manager Shared Services Gerard Cooper to discuss the situation.
Elder said Cooper denied that there are any plans by TSTT to reorganise and restructure the company.
Because of the claims of areduction in value at TSTT, Elder said the CWU is now “demanding that a forensic audit be conducted into the financial affairs of TSTT immediately.”
“What is the plan of the Government for TSTT? I suspect, and I hope I am wrong, but I suspect it is to ensure that it is mashed up and given to their friends, families, financiers, and cronies at the peril of TSTT and to the advantage of Amplia, I suspect that. I hope I am wrong, I really hope I am wrong, but the evidence suggests that the plan is to mash up TSTT and promote AMPLIA,” Elder said.
Elder said he has so far written Prime Minister Dr Keith Rowley and Public Utilities Minister Marvin Gonzales about the situation but have not received a response from either.