State-owned Petrotrin has paid its final tranche of the quarter-billion-dollar bonus owed to employees.
The money came in a cheque paid last week.
No official announcement was made by the company.
Petrotrin stated in February that the money - which was part of a profit-sharing agreement between the Oilfields Workers Trade Union (OWTU) and Petrotrin - would have to be paid to workers in three tranches over a three-year period because of the economic downturn.
In July the company’s newly installed president Kenneth Allum said the money would have to be paid in instalments because of an after-tax loss of $600 million between October 2008 and May 2009.
But last week Thursday all of the company’s 4,000 employees - from janitor to executive chairman received the final payment of the $60,000 owed to them.
Hundreds of Petrotrin employees had protested for months to persuade management to honour its agreement to pay them all of the money at once
