Hashtag: #GencomRedundancyPay
Premier On Gencom Paying Back $11 Million
Following the news that Gencom reimbursed the Government the $11 million that had been paid to approximately 700 employees of the Fairmont Southampton, the Premier said that it is “noticeable that we have had silence from the usual commentators or the Opposition, who criticized this arrangement that was made by the Minister of Finance.” $11... Read more of this article
Video: Minister On Gencom Repaying $11 Million
[Updated] The Ministry of Finance confirmed that on January 29th “Gencom repaid the full amount that the Government loaned to the former employees, approximately $11 million” and “it has been agreed the Government will be reimbursed for all legal and professional fees incurred on this matter.” This was from Minister of Finance... Read more of this article
Hotel Owner Pays Government Back $11 Million
The owners of the Fairmont Southampton hotel said they have “fully reimbursed the Bermuda Government approximately $11 million, which was advanced for employee redundancy.” Late last year, the Government confirmed that they will step in to assist Fairmont Southampton workers who were waiting for their redundancy payments, making “loans... Read more of this article
OBA: Agreement With Workers, But Not Gencom
“There are two matters at play that the OBA finds disturbing,” Cole Simons said in reference to the $11 million cost for Fairmont Southampton worker’s redundancy pay, with the OBA Leader saying that it appears workers signed the agreements but the Government is “either unable or unwilling to secure an agreement” from Gencom... Read more of this article
Min: Employees Lawyers Could Apply In Court
“If no arrangements are made with respect to the payments, the employees’ lawyers are free to apply to the Supreme Court of Bermuda on the basis that the company is unable to make its payments when they are due,” Minister of Finance Curtis Dickinson said today. The Minister was speaking about the millions of dollars paid to cover the redundancy... Read more of this article
Audio: Q&A On $11 Million Redundancy Payment
A question and answer session was held in the House of Assembly, with Opposition MPs questioning the Finance Minister on the $11 million to cover the redundancy payments due to Fairmont Southampton workers. This follows after the Government previously confirmed that they will step in to assist Fairmont Southampton workers who are waiting for their... Read more of this article
Simons: Consider A Lien Against Owners’ Assets
“We support the Government’s indication that it would not rule out pursuing collection through the courts,” OBA Leader Cole Simons said, adding they they also “take the view that a lien could be considered against the hotel owners’ assets until the $11 million payment is recovered.” This follows after the Government previously... Read more of this article
Column: ‘Government Felt Responsibility To Act’
[Opinion column written by PLP MP Jache Adams] Unprecedented times often call for unprecedented measures. The recent announcement by the Minister of Finance regarding the Government providing loans to former Fairmont Southampton employees once again demonstrates this Government’s ability to be adaptable, innovative and progressive during these challenging... Read more of this article
Govt: $11 Million In Redundancy Payment Loans
The redundancy loan payments to Fairmont Southampton workers cost a total of $11 million for 714 positions the Ministry of Finance confirmed, with $8.4 million going to Bermudians, spouses of Bermudians and PRC holders; while over $2 million goes to work permit holders. The Government previously confirmed that they will step in to assist Fairmont Southampton... Read more of this article
Govt To Loan Redundancy Money To Workers
The Government will step in to assist Fairmont Southampton workers who are waiting for their redundancy payments, making “loans to employees equal to amounts due to them in redundancy, which will require repayment once sums are paid by Gencom.” This was announced by Finance Minister Curtis Dickinson today, with the Minister saying “it... Read more of this article
Staff Assemble Over Redundancy Payments
A group of Fairmont Southampton workers assembled outside of the hotel after “receiving communication from their employer informing them that their redundancy payments will be delayed,” the Government confirmed today, adding that the Ministry has been in contact with the owners, and the workers “will receive redundancy payments on... Read more of this article
