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sMASH wrote:De Dragon wrote:lalloboy101 wrote:Lisa ali was our former hr, a no nonsense person. She scared the hell out a me. She has vast experience like this, forming joint ventures and reorganizing. Last I spoke to her , she was the VP of hr for bp south America
She's come a long way since Laboratory Head at PPSL.
PPSL?
it was PPSL that was the consultant engineering firm for WGTL.
tr1ad wrote:sMASH wrote:De Dragon wrote:lalloboy101 wrote:Lisa ali was our former hr, a no nonsense person. She scared the hell out a me. She has vast experience like this, forming joint ventures and reorganizing. Last I spoke to her , she was the VP of hr for bp south America
She's come a long way since Laboratory Head at PPSL.
PPSL?
it was PPSL that was the consultant engineering firm for WGTL.
PPSL was the "operations" team for WGTL
Engineering was Ventech
Pointman-IA wrote:12 years temporary and 8 years permanent?vaiostation wrote:tr1ad wrote:alfa wrote:So for all who claim Petrotrin workers getting the best severance package and millions of dollars this a letter of termination collected by my friend. She made 10 years temporary and 5 years permanent and going home with 68 thousand dollars. There is a small backpay yet to come for 2011 to 2014
Tell her show you the full letter...
3 years calculating to 68k for that period ...
Then there's back pay, vacation leave etc
According to the letter... Do the math (or read again)
So either she eh sure when she start, or is misinformation spreading again
I've got a realative that worked there who retired recently. He had about 12 years temporary and 8 permanent. Got about 2 mil. Pension about 8g's.
I think a lot has to do with the rank the person retires at.
Have a family friend who is a supervisor in petro. With about 20+ yrs permanent. He got about 4mil with pension about 16g's.
All this is before tax.
Did he buy back pensionable years?
shaneelal wrote:
neilsingh100 wrote:Heritage Petroleum Company...that is a lame name and does not convey the feeling of new agile company as Lisa Ali described.
Joshie23 wrote:tr1ad wrote:alfa wrote:So for all who claim Petrotrin workers getting the best severance package and millions of dollars this a letter of termination collected by my friend. She made 10 years temporary and 5 years permanent and going home with 68 thousand dollars. There is a small backpay yet to come for 2011 to 2014
Tell her show you the full letter...
3 years calculating to 68k for that period ...
Then there's back pay, vacation leave etc
According to the letter... Do the math (or read again)
So either she eh sure when she start, or is misinformation spreading again
Bro, even still. The letter states the individual has 15 days vacation leave. Do the math then/or read again. Surely that vacation leave isn't going to stretch the $68k very far. Fine, the backpay might be cool, but it's still a far cry from the million dollar payouts that were purported. Which I think is salt to the wounds, concerning the fact that the Gov't would sensationalize the whole thing for their justification.vaiostation wrote:I've got a realative that worked there who retired recently. He had about 12 years temporary and 8 permanent. Got about 2 mil. Pension about 8g's.
I think a lot has to do with the rank the person retires at.
Have a family friend who is a supervisor in petro. With about 20+ yrs permanent. He got about 4mil with pension about 16g's.
All this is before tax.
Did you actually see the letters? Or is this hearsay? For starters, apparently temporary years aren't counted for severance or retirement. When people are made permanent, once they're older than 29 (to qualify for the 31.3 years for full benefits) they have the option to 'buy' the years that will be required to get their full pension, but only up to a certain amount. So for your 'relative' to take home $2MM at retirement, starting work at apparently 40 years, if they retired recently with (12+8) years service, 8 years pensionable service at that, lol...I also have a supervisor friend, that's getting about $1.8MM before tax and $14k in pension after about 33 years service. And yes, I saw his letter. With the breakdown of the (salary x 5) + ((salary x 1.25) x 14) + ((salary x 1.5) x 14) as per his collective agreement. So $4MM severance after 20 years..again..lol. Let's do some algebra. Assuming 25 years service, let 'a' represent the monthly salary and use the collective agreement structure. (5a) + ((1.25a) x 14) + ((1.5a) x 6) = $4,000,000. Which means 31.5a = $4,000,000. Therefore, a = $126,984.13. So your supervisor family friend was making in the vicinity of around $127k a month? And my understanding is that backpay, vacation leave, etc. hasn't been calculated or shown in the letters/packages yet, so that $4MM is from salary only...lol. Which then leads to pension, which is calculated (iirc) as 2/3 of your last confirmed salary, which would be around $85k. Not the $16k he'll be getting. So either Petrotin is robbing your friend big time or we'll call it a typo.vaiostation wrote:Recruitment ads coming out soon...
You leaving your MNC to go Petro 2.0 though? Best of luck.
One overplayed their hands and put it back in the hands of the white man. The other got booted from methanex cause different white man wanted sumting different.De Dragon wrote:tr1ad wrote:sMASH wrote:De Dragon wrote:lalloboy101 wrote:Lisa ali was our former hr, a no nonsense person. She scared the hell out a me. She has vast experience like this, forming joint ventures and reorganizing. Last I spoke to her , she was the VP of hr for bp south America
She's come a long way since Laboratory Head at PPSL.
PPSL?
it was PPSL that was the consultant engineering firm for WGTL.
PPSL was the "operations" team for WGTL
Engineering was Ventech
Dese youth and dem eh!
PPSL was the original name of the company hired to run the Caribbean Methanol Plant (M2) in 1992. When the two principals of that company acrimoniously parted ways shortly after, one of those principals created IPSL, and the other remained with PPSL.
Let's see... Or even the next generationPointman-IA wrote:Heritage yes... with a drill bit yes..
Is that V&A drill bit?
A word or something that symbolize a new beginning. The only word that come to mind is Renaissance but they could have come up with something with a local twist.Joshie23 wrote:What would you have named it?
Based on your calculation, he had 33yrs of service and had to have a salary of around $40k so why is the pension only $14k. Shouldn't it be 1/2 or 2/3 of the 40k?Joshie23 wrote:Did you actually see the letters? Or is this hearsay? For starters, apparently temporary years aren't counted for severance or retirement. When people are made permanent, once they're older than 29 (to qualify for the 31.3 years for full benefits) they have the option to 'buy' the years that will be required to get their full pension, but only up to a certain amount. So for your 'relative' to take home $2MM at retirement, starting work at apparently 40 years, if they retired recently with (12+8) years service, 8 years pensionable service at that, lol...I also have a supervisor friend, that's getting about $1.8MM before tax and $14k in pension after about 33 years service. And yes, I saw his letter. With the breakdown of the (salary x 5) + ((salary x 1.25) x 14) + ((salary x 1.5) x 14) as per his collective agreement. So $4MM severance after 20 years..again..lol. Let's do some algebra. Assuming 25 years service, let 'a' represent the monthly salary and use the collective agreement structure. (5a) + ((1.25a) x 14) + ((1.5a) x 6) = $4,000,000. Which means 31.5a = $4,000,000. Therefore, a = $126,984.13. So your supervisor family friend was making in the vicinity of around $127k a month? And my understanding is that backpay, vacation leave, etc. hasn't been calculated or shown in the letters/packages yet, so that $4MM is from salary only...lol. Which then leads to pension, which is calculated (iirc) as 2/3 of your last confirmed salary, which would be around $85k. Not the $16k he'll be getting. So either Petrotin is robbing your friend big time or we'll call it a typo.
Same thing I was thinking. Heritage evokes Pictures of some old calypsonian or sundar poponeilsingh100 wrote:Heritage Petroleum Company...that is a lame name and does not convey the feeling of new agile company as Lisa Ali described.
Yip.kstt wrote:Is it just me or does the Heritage E&P logo, font and style strikingly similar to Trinity E&P logo, font and style.
From first sight it got my attention.
sMASH wrote:this majority thing not working out for the better.
neilsingh100 wrote:A word or something that symbolize a new beginning. The only word that come to mind is Renaissance but they could have come up with something with a local twist.Joshie23 wrote:What would you have named it?
De Dragon wrote:neilsingh100 wrote:A word or something that symbolize a new beginning. The only word that come to mind is Renaissance but they could have come up with something with a local twist.Joshie23 wrote:What would you have named it?
Takka (sp?) like in rummy when you get ah play back?
ttphilip wrote:Seems all the Heritage (e&p) jobs are in Pt Fortin and all the Paria (terminal) jobs are in “San Fernando”.... No mention of Pointe a Pierre anywhere.
Clearly these jobs are for the Petrotrin executives & managers they want to keep since there is no way anyone outside of Petrotrin can be hired in that short period and start work by 1st Dec. These executives & managers will be paid market rates from what I understand so some may actually get a pay increase after taking home 2-4 million in severance. The lower level employees (if paid market rates) will mostly likely have to take a pay cut.hydroep wrote:1 week yes. Dem probably dun know who they hiring, this is just for show...
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