Report On 2,000 Cayman Work Permit Holders
About 2,000 foreigners “face expulsion” in October when their work visas expire in the Cayman Islands, according to a Bloomberg report.
“With unemployment among local citizens exceeding 10 percent, the offshore financial center is reining in the number of staff that funds, accounting firms, construction companies and hotels hire from abroad,” reported Bloomberg.
“Limits on expatriates, who make up half the island’s 39,000 workforce, will ensure more jobs for Caymanians.”
“We’ll always need a certain level of foreign labor, but it’s about finding that right balance,” Cayman’s Eric Bush told Bloomberg. “We’re a small nation that cannot have an influx of individuals who may turn out to be a burden.”
“The situation facing the 2,000 foreigners whose visas are scheduled to expire in October arises from immigration changes in 2004 when the government adopted a seven-year term limit instead of the indefinite policy that had existed,” Bloomberg said.
You can read the full report here on Bloomberg.
Bermuda should be down there marketing to take entire offices and move them and their business to Bermuda. Any Caymanian employee’s left can be replaced by Bermudians. We want the business.
local unemployment in the caymans is 10%! We need to get our house in order first. How many black males are out of work. age 18 and up.How many white males. 18 and up. how many black females 18 and up.How many white females 18 and up.In what job categories. Also the same list of foreigners entering the country.
And don’t you think bringing new business here will help our unemployment situation? (Jobs don’t have a colour)
Even those not working in finance will find employment in restaurants feeding the people in the new office and their families. We’ll need truck drivers to move their furniture, gardeners to mow their lawns, hairdressers to do their hair etc etc. They’ll rent houses. They’ll need new cars and bikes and they’ll pay our exorbitant health care costs, subsidizing those aging unhealthy Bermudians.
Or are you so bitter and twisted you would rather go without than encourage new business to move to Bermuda?
isn’t that what the caymans done and it is not working. we like them need to find a balance. Not every person that enters your home has your best interest at stake.We have a problem in choosing cheap foreign labor instead of our own for profit and greed. THIS transforms into the very fabric of our workplace and beyond.