90 Grand Lucayan workers made redundant; 180 to follow
90 employees of the Grand Lucayan resort have been made redundant. 30 of those workers picked up their letters yesterday and the remainder will pick up letters next week.
Insiders say another 180 employees are expected to be made redundant once their 13 weeks unemployment benefit payments cease.
In 2018, the government purchased the money pit for $65 million but signed a deal with the ITM group in March to sell the resort for $50M.
The rationale behind the purchase was to save jobs. However, a good chunk of hotel staff applied for voluntary separation packages shortly after. Government had to pay 90 managers over $4 million dollars after a protracted public battle with the union.
164 hotel line staff employees received $3.2 million in payments.
The sale has still not been finalized. In the meantime, the government is operating the Grand Lucayan at millions of dollars in losses.
The Minnis Administration has repeatedly defended the pricy purchase as vital to the island’s ailing economy but it seems to be in no rush to rebuild Grand Bahama International Airport, which was obliterated by Hurricane Dorian last September and remains in a disgraceful state nine months later.
Without proper airlift into the island, how will the Grand Lucayan survive?