Prime Minister Dr. Keith Rowley says Lake Asphalt 1978 Limited is to be restructured. This revelation was made during a public meeting held by People National Movement Last night is Diego Martin.
The company which has been experiencing financial problems since the closure of Petrotrin, has lost its revenue stream, is been funded by the Ministry of Finance and this cannot continue. He also says Lake Asphalt is to be transferred from the Ministry of Energy to the Ministry Works and Transport and will be responsible for road maintenance. He also says a new business module for the state-owned company is to be prepared and the Cabinet has a committee in place for the new business module which will bring sustainable jobs to the people of La Brea.
southsidenewstt understand that workers at company are not been paid on time. One worker who we spoke to said they are payed every three months. We attempted to company officials but all our calls went unanswered.
Southsidenewstt will continue to keep you informed as more information comes to hand.
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