KYMCO Dept Closes, Three Jobs Redundant

October 18, 2018

After over ten years of selling and servicing KYMCO bikes, Bermuda Motors announced they “will be closing this division of the company effective immediately.”

“The closing of the KYMCO department has resulted in three redundancies. Affected employees were informed on Wednesday, October 17, 2018,” the company said.

“The company have decided to focus only on our core automotive brands moving forward and continuing to be the leader in automotive sales on the island. No other redundancies are expected.”

Bermuda Motors General Manager, Krishna King, said: “We would like to thank the employees for their dedication and service to Bermuda Motors over the years and we wish them the very best in their future endeavours.

The company added, “Customers can still buy parts from Bermuda Motors parts department, and management are working with a local provider to turn over servicing work and will announce who the provider is in due time.”

Read More About

Category: All, Business, News

Comments (18)

Trackback URL | Comments RSS Feed

  1. Um.... says:

    So did the company just look into the financials of that part of the business on October 16? That is despicable behavior from a company as big as Bermuda Motors.

    • sandgrownan says:

      How did you infer that?

      It’s more likely that declining sales are the reason. The question is….why declining sales..crap product and service, fewer people, less money circulating?

    • Zario says:

      Give me a break. Anytime someone makes a business decision, you call it despicable. There are several businesses which specialize in bikes, and probably do it cheaper. I used to work for a computer company, which also sold printers, and we couldn’t compete with the printer specialists, so the printer business was dropped. It happens in business.

    • question says:

      It’s fine though if taxpayers spend millions to subsidize a private company owned by a “connected” millionaire living overseas.

  2. Huh says:

    Well would you look at that BELCO workers!?….Bermuda Motors is ALSO focusing on its CORE piece of business….Hopefully now you will see that the recent BELCO decisions are BUSINESS decisions based on economics and not just a Sean Durfy/Canadian anti Bermudian thing that you all have been crying about for almost two weeks….

  3. Huh that maybe the case at Bermuda Motors. However that is not the case at BELCO. He did not get his way with immigration thus he got rid of the market in tram. They have been at BELCO for years and all of a sudden ther are no longer required. That is dirty business. All of the 14 people made redundant a few weeks before BELCO some of those jobs were passed to foreign workers. He was on a witch hunt that’s all it was. Same directors at BELCO as top management at the other company. Immigration or Work Force Development need to get involved and check in to these redundancies

    • Lol says:

      Not true, stop drinking the koolaid that the union heads are giving you. They needed to spin it this way to gain support of the masses so they can have weight behind the public temper tantrum they are throwing. It’s all a political stunt and based on a pack of lies. Look at the facts and look at the numbers. Only people bad at math and economics won’t be able to see for them selves and assume it’s due to a different agenda.

  4. eyes wide open says:

    The Decline and Fall of the Bermuda Empire!

  5. Really says:

    So should company owners just not look at their financials and people’s produtivity? Instead of blaming the employers how about what government demands small companies to pay every month. You have health, social, pension and payroll tax. Each of these categories except pension has gone up for business owners. A compliant company that pays $25.00 an hour to an employee is really paying about $39.00, and in Turn charges the client around $50.00. The profit is than put towards electricity, telephone, etc… and remember land tax went up for the employer to 12% twice a year, the employer, not the owner of the building. Soo… keep going government with all the taxation and you will be seeing many more redundancies. The government of the day is very short sighted on their policies, in my opinion a smoke screen so people stop paying attention to the fact that education is deplorable at best, and health care is out of control. IMO

  6. Really says:

    And where are the progress reports stating the out of control unpaid taxes?? Business owner tire of being compliant while others buy new vehicles and take trips. IMO, you don’t pay, you get stopped at the airport. Seriously, we can’t get a grip on the basics but we’re going to be the Fintech capital?

  7. Gustav says:

    ” three redundancies”
    that’s it ?
    Bitcoin will bring so many jobs , we don’t need such in an motor company .
    the Bermuda star is still shining

  8. Vote for Me says:

    The most significant problem is that the closure does not properly serve the owners of the KYMCO cycles.

    The Gibbons Group should have made a prior decision about who will service their bikes and announced it when they announced the redundancies.

    If the former employees are strategic, they should consider opening their own repair business for KYMCO bikes and then add other brands.

    • A KYMCO Owner says:

      “Customers can still buy parts from Bermuda Motors parts department, and management are working with a local provider to turn over servicing work and will announce who the provider is in due time.”

      There are plenty of garages and repair shops that already service KYMCO bikes. I own a KYMCO that I bought new from BM in 2012, and I’ve only had the initial service there. Thereafter I found my own bike mechanic. If the parts are available then any decent mechanic can perform the service. As a KYMCO owner I’m less concerned about where I can get my bike serviced than I am about all these indicators of a declining economy.

    • Jus' Wonderin' says:

      You should probably go back school and learn to read bra….smfh

  9. A fellow motorcycle mechanic says:

    I really do hope the former employees will find work soon, preferably to other local garages if they will be able to offer them employment. This also is an opportunity to venture out on their own if they have the ability to do so; to those afffected be encouraged and don’t loose heart or focus. Sometimes your talent can also open up other doors of opportunity in different fields (marine, auto, industrial) so don’t be afraid to give it a try.