Bacardi To Lay Off 13 Staff Members
Bacardi will be laying off 13 staff members at the end of this year. The company said affected employees will be granted “generous severance packages”, and that eight of the employees who are at or near retirement age will be offered enhanced pension and benefit packages.
Patricia M. Neal, spokesperson for Bacardi Limited, said: “Bacardi Limited advised employees the Company plans to reorganize its Bermuda operations resulting in a local staff reduction of 13 positions, effective at the end of December 2011.”
“Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited, and currently employs 75 at its global headquarters campus.
“Like any company with operations and offices around the globe, and especially one with more than 200 brands and labels operating in more than 100 countries, we continually review all aspects of our operations, processes and efficiencies.”
“Such is quite common for a company of our size — employing more than 6,000 people, operating 27 manufacturing facilities in 16 countries on four continents, and selling in more than 100 markets globally.”
“While these changes don’t occur until the end of December, affected employees will be granted generous severance packages including employment and career counseling and outplacement services.”
“Eight of the employees who are at or near retirement age will be offered enhanced pension and benefit packages. In addition, Bacardi will work with employees to secure other employment opportunities within the Bacardi group of companies, when possible.”
“Bacardi is proud to have an outstanding and dedicated work force in Bermuda and this action does not reflect on the quality of our operations or the caliber of our people. We thank all our employees for their continued dedication and professionalism.”
“Bacardi located in Bermuda nearly 50 years ago and became one of the first international companies in the country, establishing its worldwide headquarters in Bermuda in 1972.”
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Serious bummer. Bacardi been one of Bermuda’s most committed international companies.
Its seems like all these companies are using the RECESSION as an excuse to lay off people. Sooo let me get this straight….The Executives start giving themselves large compensation packages, lavish lifestyles etc. and the poor man suffer….So sad
Bacardi please keep Aunt Sheila the receptionist!
They didn’t say anything about recession. The jobs are being pulled from Bermuda.
she is 70 years old, enjoy the OUTSTANDING PACKAGE and have a great life.
Yes please keep Sheila..she is wonderful and a real asset to reception at Bacardi..she leaves you with a lasting impression about Bacardi as being a great company to work for despite layoffs.
As one of the persons effected by this lay-off.. I can assure you they they do not lead lavish lifestyles… they are all down to earth people.
Yes it was hard hearing that I will not have a job in December but I know that God will take care of me…
Bacardi has offer help to us to deal with the news and to secure new employment.
Blame Burch.
Ditto that one.
These companies can only take so much. There are other places in the world they can go to and not put up with much and pay so much.
Good thing wah steal gutt Black Rum…..
No shortage there…..
I’ll switch back to Bacardi instead of having black rum and Cockspur…..will that help any?
And government’s tax base continues to shrink.
… As well as one of Bermuda’s most reliably generous corporate citizens. If Bacardi is laying off almost 20 percent of its Bermuda staff, it will surely be cutting local costs in other areas. I think it’s fair to suggest Bermudians brace themselves to expect some unexpected consequences in the coming months when it comes to the firm’s charitable and sporting donations. When a Bermuda-headquartered multi-national like Bacardi, the largest privately-held spirits company in the world, is slashing its payroll to this extent, it’s fair to say the island has yet to “reset the dial” in terms of re-establishing its business-friendly bona fides …
Bingo.
Ditto! thank this government for increasing taxes and installing the 6 year work permits and then sticking it up to all the exempt companies ….plus let us never forget the poor treatment expatriates have received since this PLP government went into power.
They’re actually leaving…2013
Who is leaving in 2013????
While Bermuda enjoys the fruits of the Platinum period, other competing jursidictions such as Ireland are quietly expanding their financial base. What is not surprising is that one of their attractions is a well educated workforce. Bermuda is about 10 years at least away from this, after 13 years of this Government.
I hope that all of the people that are going to be fired from their jobs in the upcoming months will march down to their polling office before they march down to the unemployment office.
plp all the vay!
Yeah! PLP all the way to the IMF??? with cap in hand.LOL
Sorry to hear of the redundancies, but Barcardi have been one of the better companies. They’ve been here for years, under both governments and employed a lot of Bermudians. Never worked there, but friends sang their praises. They have been generous to our Charitable organizations as well!.