Ronald Walcott: Job cuts essential to TSTT’s survival | Local Business | trinidadexpress.com
Profit was down by $479 million for the six months ended September 2018, the annual wage bill stood at $768 million or around 30 per cent of revenue, TSTT’s debt burden was $1.8 billion and it had an annual operating loss of $32.5 million.
Then, two years into its five-year strategic plan to transform from 20th century legacy telecommunications company into an agile broadband 21st century communications company, came news of a “staff rationalisation” exercise in November 2018, which resulted in 709 senior and junior employees being sent home.