Citing the “unprecedented economic conditions in Bermuda,” Computer City has confirmed they will be closing the business and all nine staff members will be losing their jobs. All the employees will receive severance packages beyond legal requirements. On Tuesday November 20th they will start their going‐out‐of‐business sale at their Victoria Street location, which will continue until all stock is sold.
The full statement issued by the Company follows below:
The recession has claimed another casualty. We regret to inform our loyal customers, suppliers and partners that due to the unprecedented economic conditions in Bermuda today, we are left with no choice but to close down the business.
While the company has been the recipient of 15 awards during the 12 years it has been in business, declining sales have left the shareholders of the company no option but to close the business.
All nine remaining employees will lose their positions – eight Bermudians and one non‐Bermudian. Five of the employees have been with the company for more than 10 years. All employees will receive severance packages beyond legal requirements.
We will be closed on Monday, November 19th for stocktaking. On Tuesday November 20th our going‐out‐of‐business sale will start, and will continue until all stock is sold. Store fittings and furniture will also be available for sale.
As of this date, we cannot accept any computers for repair or requests for special orders. Computers brought in for repair and left for more than 21 days will be sold to defray costs. The company will endeavor to complete all work in progress, subject to the availability of parts, but will not be starting any new projects.
If you have purchased equipment from Computer City that is covered by a manufacturer’s warranty, please be advised that your warranty is still valid, although Computer City will no longer be involved in providing the warranty service.
Please see our website for additional information, including contact information for the major brands that we have sold. For further information go to the company’s website at www.cc.bm, email email@example.com or phone 292‐1774.
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