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PM ‘disappointed’ with liquidators’ decision

Prime Minister Perry Christie

Prime Minister Perry Christie

As of Friday, October 23, 2015

By RASHAD ROLLE

Tribune Staff Reporter

rrolle@tribunemedia.net

PRIME Minister Perry Christie last night expressed disappointment with the decision to make some 2,000 employees of Baha Mar redundant, adding that his administration will nonetheless press forward with its efforts to resolve the debacle.

“Prime Minister Perry Christie has responded with disappointment for the affected Baha Mar employees and their families at the action taken by the joint provisional liquidators in making some 2,000 employees redundant,” a statement from the Office of the Prime Minister said.

“This arises from the insolvency of Baha Mar and the protracted exercise to secure a negotiated settlement.”

The statement added: “The government has made the strongest possible representation to the joint provisional liquidators and the stakeholders in this commercial transaction between the developer Baha Mar, the secured lender China Export Import Bank and the principal contractor and an equity partner, China State Engineering and Construction Company, for the retention of Bahamian staff, meeting outstanding obligations to Bahamian contractors and sub-contractors, funding (both interim and for completion purposes) and completing the project on mutually acceptable terms as soon as possible.”

“Whether the process of a negotiated arrangement is achieved or the bank proceeds to receivership in the time remaining before (the) November 2 (court) date when the process of liquidation could be started, the government is presently engaged in meetings and other dialogue with the relevant stakeholders and the joint provisional liquidators to arrive at the best possible solution which will best serve the national interest.”

Justice Ian Winder granted approval in the Supreme Court on Thursday morning to Baha Mar’s court appointed joint provisional liquidators’ request to make layoffs.

The layoffs affect approximately 1,440 non-active employees and approximately 580 active employees, including members of management and line staff, the statement said.

The layoffs did not affect the Melià Nassau Beach Resort.

Comments

DillyTree 8 years, 6 months ago

Disappointed? Tell that to the people who now have no jobs.

Surely Mr. Christie must take some blame in this mass layoff? He cannot be that blind and stupid to not see his part in this disaster.

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Cobalt 8 years, 6 months ago

And this is the same man who promised the Bahamian people jobs. I can't help but wonder how many of these 2,000 people who were laid off actually were gullible enough to believe Perry's lies.

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marrcus 8 years, 6 months ago

According to a letter sent to one employee, which was seen by The Tribune, Mr Rahming asked the worker to return all company property and “reimburse the company with all salary and benefit payments received after the date from which you commenced employment with another company.”

NOT ONLY have they lost their jobs, but they have to give the money back ............. PLP forever..........Get used to it.

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DillyTree 8 years, 6 months ago

Marcus, those employees being asked to give back salary are those who took other jobs while being paid by BahaMar. They signed a contract saying they would not take another job while in the employ of BahaMar. So, if they broke their contract, they need to suffer the consequences. Harsh? Yes, but no one was forced to sign the contract.

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TruePeople 8 years, 6 months ago

plus all tings politics aside, they (Bahamar Citizens) was chilling on dem cheques, so it's hard to come to tears that double dippers have to reimburse unethically acquired monies (especially if those monies are from a bankrupt organization...) We all hustle round here, i ein watchin none a dis people looking for handout. Build up ya owna ting and make that $

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John 8 years, 6 months ago

Was some of this $60 million hurricane relief money going to pay Bah Mar staff, had they not been terminated.

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TigerB 8 years, 6 months ago

Crisis to crisis... from Hurricane Joaquin to hurricane Bahamar...all spell doom

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Well_mudda_take_sic 8 years, 6 months ago

Anyone notice how much Christie's nose looks like Idi Amin's nose?

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Economist 8 years, 6 months ago

What is it that he does not understand that his and his government's antics have scared away any hope of any real financial investment into this country?

That he has doomed, not only those working at Baha Mar, but also those businesses that were supporting Baha Mar into bankruptcy themselves. What about their mortgages, school fees, rent, food etc?

It is all because of you PM, you and the decisions that you and your cabinet have made.

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Cobalt 8 years, 6 months ago

That's what I'm saying!!

Do it NOW!!

This man doesn't even realize that he's the "debacle!"

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Reader 8 years, 6 months ago

That's the issue... He does not even realize!

1.Has a grandiose sense of self-importance (e.g., exaggerates achievements and talents, expects to be recognized as superior without commensurate achievements). 2.Is preoccupied with fantasies of unlimited success, power, brilliance, beauty, or ideal love. 3.Believes that he or she is “special” and unique and can only be understood by, or should associate with, other special or high-status people (or institutions). 4.Requires excessive admiration. 5.Has a sense of entitlement, i.e., unreasonable expectations of especially favorable treatment or automatic compliance with his or her expectations. 6.Is inter-personally exploitative, i.e., takes advantage of others to achieve his or her own ends. 7.Lacks empathy: is unwilling to recognize or identify with the feelings and needs of others. 8.Is often envious of others or believes that others are envious of him or her. 9.Shows arrogant, haughty behaviors or attitudes.

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Emac 8 years, 6 months ago

Yall really think this ugly ass man give a hoot about the welfare of yinna Bahamians?

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licks2 8 years, 6 months ago

This could very well be the result of our PM public elation of self over the most high God. . ."whom God will destroy he first let him/her go mad"! Like Myles Munroe has said. . ."it will appear that our Government has lost its ever living minds. . . then we will see their destruction!

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asiseeit 8 years, 6 months ago

The clown we call P.M. is squarely to blame for these lay offs. We are ruled by incompetents and assholes!

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Cobalt 8 years, 6 months ago

I really have a hard time believing that the Bahamian people actually woke up from their beds, took a bath, brushed their teeth, put on arm deodorant, dressed themselves, ate breakfast, washed out their mouths, went to their polling divisions, and actually voted for the PLP.

I find that astonishingly mind boggling! Did Bahamians really not see that this would be the sum of things if they voted PLP??? Seriously Bahamians???

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Honestman 8 years, 6 months ago

The sad thing is that many will do exactly the same again in May 2017 because they "were born PLP and will die PLP". They simply don't know any better. Seriously, how bad does it have to get for PLP voters to reject these jokers? Do they want to wait until our currency is devalued and we are facing 20% VAT? They think things are tough now?

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asiseeit 8 years, 6 months ago

Hey Mr. P.M., Bahamians to say the least are disappointed with you and your band of kleptocrates. Go take a walk in the wild and get lost!

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Cobalt 8 years, 6 months ago

That's what makes me so angry.

He's standing there talking about how disappointed he is...... when he himself is the real disappointment.

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John 8 years, 6 months ago

Almost half the country will be non-productive and barely contributing to the treasury for at least another year. In fact they will be dependent on government assistance for at least another six months to a year. What this government needs to do:

  1. Perry Christie MUST recant his statement that even after persons go to GOD in need, they must still come back to him. 2 Have a national day of Thanksgiving and healing.
  2. STOP making persons homeless and allowing them to be burned out and becoming social dependents and welfare receipients under the guise of ridding the country of shanty towns.
  3. RESTORE the faith and confidence in government that it is devoid of corruption and can be trusted. As for Bah Mar: If all else have failed,
  4. How about trying to raise the funds locally either through the floating of bonds or allowing Bahamians to purchase shares in the project.
  5. Since there are five hotels on the property, what about trying to finish and open each one separately, along with the stores and the casino. This would create a revenue stream (hopefully) that can contribute to the completion of the reminder of the project or to the pay down of the creditors.
  6. The government must restore the confidence in the investor(s) that they will quit meddling and allow the project to operate without interference. How can you convince Izmirilan to pump more money into the project and complete it, when government has already shown its 'dirty side' and attempted to yank control and kick Izmirilan to the curb. Even if the project is completed, there is no guarantee that it will be a successful operation. Even if it is, it may be years before it shows a profit, so it does need the assurances of government and major creditors that it will receive their full support.
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Well_mudda_take_sic 8 years, 6 months ago

Ceasar's Palace in Las Vegas is in Chapter 11 bankruptcy, yet has managed to avoid laying off most of its employees and is now undergoing a $75 million upgrade of its property. Meanwhile our PM has forced Baha Mar to be liquidated in the Bahamas to enrich his lawyer friends and other political friends and business cronies in the private sector at the expense of poor Bahamians in desperate need of jobs. The Baha Mar Citizens and the rest of the Bahamian people got royally bamboozled by Perry Christie, Allyson Maynard-Gibson, Damian Gomez and Baltron Bethel because of the back-room deals that have been cut by the Christie led-PLP government with its new corrupt Chinese friends to swindle the Izmirlian family out of $900+ million for the benefit of themselves and certain key senior executives of the China Construction Company of America (CCA) and the China Export-Import Bank! The four Bahamians I have named here are evil beyond comprehension when it comes to them looking out for their own selfish greedy corrupt needs at the expense of the people they were elected to serve!!

http://news.yahoo.com/caesars-palace-...">http://news.yahoo.com/caesars-palace-...

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Wideawake 8 years, 6 months ago

Doesn't PGC know that when you pull up the tent pegs...the tent falls down???

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SP 8 years, 6 months ago

......................................................... Legacy .............................................................

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SP 8 years, 6 months ago

........................................... Weapons Of Mass Destruction ...........................................

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by SP

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wearedone 8 years, 6 months ago

Another blow to the country and nobody does anything about it. Way to go Bahamas

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Well_mudda_take_sic 8 years, 6 months ago

Just think how much Christie and his family have pocketed from allowing Communist Chinese to build their state owned development known as The Pointe within extremely close proximity to the U.S. Embassy in the Bahamas. While Red China is constructing The Point, they will build into it the very latest state-of-the-art intelligence gathering technologies in order to snoop in on just about any and every things that goes on at or passes through the U.S. Embassy in the Bahamas. Fred Mitchell apparently told Perry Christie sometime ago that the Bahamas needs to teach the U.S. a lesson or two, and Christie agreed this was the case. Christie then no doubt had Allyson Maynard-Gibson and Baltron Bethel seal The Pointe deal with the appropriate government officials of Red China for the purpose of sticking a finger in the eye of the U.S. Government. The Obama administration and their lack luster Secretary of State, John Kerry, have yet to figure out what has gone down here and the extent to which U.S. security interests are about to be terribly compromised by the espionage attack of Red China on the U.S. Embassy in the Bahamas. The U.S. is being subjected to Chinese cyber-warfare from within Nassau, Bahamas, just a mere 180 miles away from the coast of South Florida. Wow! One ha sto wonder who's dumber....the Americans or the Bahamians!!

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Thinker 8 years, 6 months ago

I think The USA is just waiting to punish us with the downgrade and watch the downfall of the government from there. I think the American court knew what it was doing when they allowed our antiquated "judicial system" to take over the Bahamar situation. They are not concerned because they can still wipe us off the map if we allow this government to turn us into a Chinese State.

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ThisIsOurs 8 years, 6 months ago

Hmm...doesn't seem like a very good strategy. Handing over a strategic landhold to your enemy to spite someone else. That strategy didn't work with Cuba or Jamaica and it created a huge illegal migrant problem for the US. I've been wondering forever why they let all this happen, why they haven't stopped Christie and Davis in their tracks. I also wonder if the reason Davis & co (not the company) fight these extradition requests so hard is because they know they're next.

Does Perry Christie realize how much of this country the Chinese own? Maybe he should get the Police Commissioner to plot that out on that magic crime map he was so proud of, this is another national security threat Bernard Nottage seems oblivious to. If it weren't so serious it would be hilarious, Perry Christie bought out his political rival and gave him a ministerial assignment that was absolutely impossible to succeed in.

Waiting for the Chinese takeover of Palmdale...wait a second, whose constituency is that to sell?

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MonkeeDoo 8 years, 6 months ago

Weapons of Mass Destruction: You mean Christie Ingraham and Davis - Attorneys ?

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