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Redman wrote:I was told today that the tax liability number s are false
Redman wrote:Management company should step in ...for a minority stake...and revamp thecompany
Petrotrin is not the problem.
It's that successive govts ran Petrotrin like WASA.
So
Unions do the same.
Contractors do the same.
RedVEVO wrote:" .. It is important to note that Petrotrin has more than 5,000 employees, with an annual wage bill of $1.9 billion, which is close to 50 per cent of its total annual operating costs .. "
Country_Bookie wrote:All this talk about sell Petrosingh; who are these buyers that supposedly eager to buy a badly run oil company with ancient infrastructure at a time of relatively low oil prices??
Are they similar to the "buyers" that were lining up to buy Mittal Steel? Can't seem to remember how that one worked out.
Joshie23 wrote:RedVEVO wrote:" .. It is important to note that Petrotrin has more than 5,000 employees, with an annual wage bill of $1.9 billion, which is close to 50 per cent of its total annual operating costs .. "
You seem to like math so let's do some. $1,900,000,000 annual wage bill ÷ 5,000 employees = $380,000 per employee, annually.
$380,000 ÷ 12 months per year = approximately $31,700 a month PER EMPLOYEE.
52÷6=8.6 weeks, so don't forget to take away almost three months of salary from that for the year, when temporary employees' service is broken every 6 weeks, without a guaranteed return to work the week after. Not many of the Petrotrin employees I know make that kind of money, but then if I could sit and do those calculations, I'm sure someone else did, hence the complaint of the employees being overpaid and the speculation..no wait, the knowledge (it had to be knowledge since everyone spoke with such authority) of a cleaner's $10,000 monthly salary. I'll do some digging on Facebook for the teachers that said they'd rather leave teaching to be a cleaner in Petrotrin, just to make sure someone that illiterate doesn't end up 'educating' my children. I'll reiterate my statement in another thread; the majority of people beating up, should Petrotrin offer them a job in their respective specialty in the morning and asked them if they'd like cut their salary or give back some of the benefits, they'd never do it..trust me, if I get a call to report to work at the Pointe-a-Pierre refinery or any petrochemical company in Point Lisas at 1:00 tonight, hard luck wifey, I'll see you later
Don't even get me started on the 'limited edition, gold hologram, 1 in 1 billion, super rare' backside that's talking about soap and toilet paper. Like Bunny said, cutting those toiletries will magically raise a company out of $12 bn debt. Speculation is really a funny thing, yes. Make men beat their wives for no reason. Imagine a man MAKES an erroneous statement with gusto and immense confidence only to have to tack back and ask for clarification on the same topic.
I know things are bad in Petrotrin and much needs to be done to bring it along with many other entities (NGC, WASA, TTEC, etc.) in the country back to profitability. There are lazy men and women, everywhere. Check your friendly neighborhood government office. There are also saboteurs and wicked people who want to see something fall as a result of self-preservation or to get something else to blame whatever administration is in power at the time. Check your friendly neighborhood government office and with the way some of you all speak, I wouldn't doubt if some of you all are right in here..
De Dragon wrote:All that to shirk responsibility for your part in a failing company? Your reasoning for preferring PetroTurn No Profit seems also rooted in your apparent laziness as with most State employees who realize that they cannot play the arse in a private run company that needs to turn a profit. Also there is no union to hide such lazy, unsafe workers. You are also guilty of what you are accusing others as you seem to no nothing about Point Lisas and the plants there. Oh and before your "ollour eh kno, ollour jealous rant" I've worked on the estate and blanked PT several times.
Joshie23 wrote:De Dragon wrote:All that to shirk responsibility for your part in a failing company? Your reasoning for preferring PetroTurn No Profit seems also rooted in your apparent laziness as with most State employees who realize that they cannot play the arse in a private run company that needs to turn a profit. Also there is no union to hide such lazy, unsafe workers. You are also guilty of what you are accusing others as you seem to no nothing about Point Lisas and the plants there. Oh and before your "ollour eh kno, ollour jealous rant" I've worked on the estate and blanked PT several times.
You probably shouldn't have blanked them so many times, you'd have probably been able to bring them out of this position. Better yet, you wouldn't have even bothered to sanction on the $750M and $850M loans reposnsible for the bulk of the debt. I tried when I was the Executive Chairman but by then it was too late. You know, I wrote that post with you in mind, I remember you had a target on my back from the strike thread earlier this year; between you and RedVEVO, I'm surprised a rebuttal took so long, then I realised he's on a ban. I can at least agree with you on certain points though. Are some state employees lazy? Yes. Should we paint all with the same brush? That's subjective to one's level of maturity.
Specialist Baboons wrote:Yeah joshie shut yuh mouth.
Ppl here know everything about Petrowley. Especially those who dream of wukking there, those who get blanked, those who bitching, they all know everything about the company!!!!!!!
Not forgetting those who religiously believe the bull tats that our journalists publish on a daily basis!!!!!
Country_Bookie wrote:All this talk about sell Petrosingh; who are these buyers that supposedly eager to buy a badly run oil company with ancient infrastructure at a time of relatively low oil prices??
Are they similar to the "buyers" that were lining up to buy Mittal Steel? Can't seem to remember how that one worked out.
vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
I actually knew a few workers who left and they were well regarded within their areas of operation, the main reason was a general sense of being fed up with the work environment, "too much stupidness", even when they left the older folks around them seem so be supportive of it, often remarking "they right to leave it eh have no appreciation here for dem".
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
De Dragon wrote:Doh worry, uber employee Joshie23 NEVER leaving Petrotrin.
Joshie23 wrote:De Dragon wrote:Doh worry, uber employee Joshie23 NEVER leaving Petrotrin.
Tell them you've reconsidered their offer(s), stop blanking the people and come let us turn around Petrotrin. I'll settle for a VP HR wuk, you can be the President. Deal?
I feel I know who you talking about.Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
I actually knew a few workers who left and they were well regarded within their areas of operation, the main reason was a general sense of being fed up with the work environment, "too much stupidness", even when they left the older folks around them seem so be supportive of it, often remarking "they right to leave it eh have no appreciation here for dem".
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
nervewrecker wrote:I feel I know who you talking about.Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
I actually knew a few workers who left and they were well regarded within their areas of operation, the main reason was a general sense of being fed up with the work environment, "too much stupidness", even when they left the older folks around them seem so be supportive of it, often remarking "they right to leave it eh have no appreciation here for dem".
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
Iirc it was when things got tough in there. They were hardly getting work. I think only a few weeks work and a month or two home. They were temporary. Went Aruba, Russia, LNG etc and work.
They were called back recently and made permanent. All them have only a few years to go again before they reach 60.
When that group go home it have just a handful of permanent men
Right now that's the question everybody asking....superstainless1250 wrote:nervewrecker wrote:I feel I know who you talking about.Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
I actually knew a few workers who left and they were well regarded within their areas of operation, the main reason was a general sense of being fed up with the work environment, "too much stupidness", even when they left the older folks around them seem so be supportive of it, often remarking "they right to leave it eh have no appreciation here for dem".
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
Iirc it was when things got tough in there. They were hardly getting work. I think only a few weeks work and a month or two home. They were temporary. Went Aruba, Russia, LNG etc and work.
They were called back recently and made permanent. All them have only a few years to go again before they reach 60.
When that group go home it have just a handful of permanent men
So who gonna pay for there pension plan? Hmmm
nervewrecker wrote:Right now that's the question everybody asking....superstainless1250 wrote:nervewrecker wrote:I feel I know who you talking about.Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
I actually knew a few workers who left and they were well regarded within their areas of operation, the main reason was a general sense of being fed up with the work environment, "too much stupidness", even when they left the older folks around them seem so be supportive of it, often remarking "they right to leave it eh have no appreciation here for dem".
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
Iirc it was when things got tough in there. They were hardly getting work. I think only a few weeks work and a month or two home. They were temporary. Went Aruba, Russia, LNG etc and work.
They were called back recently and made permanent. All them have only a few years to go again before they reach 60.
When that group go home it have just a handful of permanent men
So who gonna pay for there pension plan? Hmmm
superstainless1250 wrote:nervewrecker wrote:superstainless1250 wrote:nervewrecker wrote:Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
**Edited**
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
I feel I know who you talking about.
**Edited**
When that group go home it have just a handful of permanent men
So who gonna pay for there pension plan? Hmmm
Right now that's the question everybody asking....
Well ah sorry for the employees who has 10 to 15 years permanent employment an is like 45 years of age still have 15 years to go an nobody to continue paying the plan
Numb3r4 wrote:superstainless1250 wrote:nervewrecker wrote:superstainless1250 wrote:nervewrecker wrote:Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
**Edited**
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
I feel I know who you talking about.
**Edited**
When that group go home it have just a handful of permanent men
So who gonna pay for there pension plan? Hmmm
Right now that's the question everybody asking....
Well ah sorry for the employees who has 10 to 15 years permanent employment an is like 45 years of age still have 15 years to go an nobody to continue paying the plan
I guess the taxpayers will foot that bill right....just like in every other oil and gas company.
This employee loss has been going on a while now and the company has not even though of running a small programme whereby they could ever year or so bring in a few graduates and train them for 2 years and the appraise them.
Continuous training or employment programmes were always a threat to union workers or permanent men "dey want to fyah we", "dem eh takin' my wuk", I don't know why no-one could figure that out, a simple programme, that was/is proof that there is no forward/future based thinking at the company. Not to mention things like these help keep the public image and persona of the company in good regard, no one really cared, the company was and always has been an entity on to itself.
The current group of middle aged workers may have it hard, but if we adopt a "Caroni mentality" well VSEP anyone.....then the company will be a company of primarily contract workers. The issue is with the kind on workers who get their jobs there. If it is good guys who are employed on merit then fine, but if the current hiring practises continue.....
From what I last heard there seems to be a lot of "has-beens" or select folks from the private sector who may have been specific appointees or so it is rumoured...who are back....still though don't know how long you could run a company on overpriced consultants and contractors.....
Another thing, the improper distribution of workers, is what I would like to find out about, oil and gas is a technical thing yet I can't understand why their HR dept. is so over-staffed (or so I hear, feel free to correct). The technical fields are quickly farmed out much to the detriment of company...the thing is why do they need a large HR dept. if you have so much contract workers, isn't there less to manage about such workers, there is little long term tracking so you should have a smaller HR dept. or am I missing something? (Fell free to add or comment)
Also does the company have a computerized personnel database or is it still pen and paper or something in between? Serious question.
car wrote:Numb3r4 wrote:superstainless1250 wrote:nervewrecker wrote:superstainless1250 wrote:nervewrecker wrote:Numb3r4 wrote:vaiostation wrote:Petrotrin salaries not really that high when you compare it to other companies In the oil and gas sector. If they weren't paying those salaries most people would leave and go to different companies wether they be local or international. Atlantic lng suffers from this same issue, that's why every few years there is an exodus of workers to different companies.
I don't know of the salaries statement exactly (still believe they are over-compensated permanent anyway) but yes Petrotrin has a problem with retaining talent, many leave after 8-15yrs. to go abroad or to one of the foreign multi-nationals.
**Edited**
Oh and how about this one "dem boy doh stay here long, once dey get experience dey gone."
I feel I know who you talking about.
**Edited**
When that group go home it have just a handful of permanent men
So who gonna pay for there pension plan? Hmmm
Right now that's the question everybody asking....
Well ah sorry for the employees who has 10 to 15 years permanent employment an is like 45 years of age still have 15 years to go an nobody to continue paying the plan
I guess the taxpayers will foot that bill right....just like in every other oil and gas company.
This employee loss has been going on a while now and the company has not even though of running a small programme whereby they could ever year or so bring in a few graduates and train them for 2 years and the appraise them.
Continuous training or employment programmes were always a threat to union workers or permanent men "dey want to fyah we", "dem eh takin' my wuk", I don't know why no-one could figure that out, a simple programme, that was/is proof that there is no forward/future based thinking at the company. Not to mention things like these help keep the public image and persona of the company in good regard, no one really cared, the company was and always has been an entity on to itself.
The current group of middle aged workers may have it hard, but if we adopt a "Caroni mentality" well VSEP anyone.....then the company will be a company of primarily contract workers. The issue is with the kind on workers who get their jobs there. If it is good guys who are employed on merit then fine, but if the current hiring practises continue.....
From what I last heard there seems to be a lot of "has-beens" or select folks from the private sector who may have been specific appointees or so it is rumoured...who are back....still though don't know how long you could run a company on overpriced consultants and contractors.....
Another thing, the improper distribution of workers, is what I would like to find out about, oil and gas is a technical thing yet I can't understand why their HR dept. is so over-staffed (or so I hear, feel free to correct). The technical fields are quickly farmed out much to the detriment of company...the thing is why do they need a large HR dept. if you have so much contract workers, isn't there less to manage about such workers, there is little long term tracking so you should have a smaller HR dept. or am I missing something? (Fell free to add or comment)
Also does the company have a computerized personnel database or is it still pen and paper or something in between? Serious question.
Computerized.
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