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Commonwealth Brewery Limited Terminates 73 Employees

Commonwealth Brewery Limited (CBL) announced today that 73 employees have been terminated in a restructuring exercise of its 700 Wines and Spirits retail division.

The company said in a statement that 53 employees were let go on New Providence and 20 on Grand Bahama as their roles were made ‘redundant’.

Ron Hepburn, Director of Retail for CBL said this was the first major exercise of this nature since the company went public, and that the decision to restructure was brought on by increased operational costs as well as increased competition from imported beer brands. Back in 2015, as reported by Tribune Business, rival Bahamian Brewery secured the Bahamian distribution contract for Budweiser and all brands produced by Anheuser-Busch Commonwealth Brewery.

Mr Hepburn went on to state: “Though this restructuring exercise is a very visible and impactful change, it is not unusual in the course of normal business operations. This was not a decision that was taken lightly, however it was necessary.”

He continued: “We will remain committed to our staff, shareholders and the wider community as we adapt to this operational change. This restructuring exercise is by no means a negative indication of the health of the company, rather, it is a sign of our commitment to continue and thrive in this dynamic business environment. A methodical streamlining decision was made to simultaneously make job roles redundant while creating a new role, affording the impacted employees the opportunity to apply for the newly created positions while being fairly compensated for the loss of their old roles.

“We value all of our staff and we will comply with all laws regarding severance pay as well as, for a period, continue health care coverage for the seventy-three employees post this exercise. We will treat the impacted former staff with dignity and respect and will do our best to make this transition as smooth as possible for all parties involved.

CBL, much like many other private enterprises, is subject to change given prevailing market conditions, and the company remains resolute in its focus to provide quality goods and service to The Bahamian public while ensuring our disengaged CBL team members are treated fairly."

Comments

hrysippus 2 years ago

The Employment Act favours employees at the expense of Employers and Businesses. The magistrates at the Labour Board will also give generous settlements to terminated employees which create hardship for already beleaguered Bahamian businesses. The longer that a business keeps an employee on the patrol, the more expensive it becomes to terminate that employee. Business owners are not stupid and will react to this oppressive legislation. Expect to see many more employees hired for fixed periods of time and not rehired at the expiry of their contract, expect to see more businesses subcontracting work to individuals to legally avoid the onerous employment obligations, and expect to see all the marginal workers not pulling their weight to be terminated, This will probably not happen in our bloated, complacent and overpaid uncivil service.

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The-Safety-Club 2 years ago

Please look at your private message.

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TalRussell 2 years ago

Yes, or no how is it just sad or regrettably so for the colony of islands when it's not enough comrade AG Carl Wilshire's justice people to arrest, prosecute and Bank Lane parade former members of the colony's governing party, yes, no?

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Well_mudda_take_sic 2 years ago

'In Between', with a smidgeon of 'Yes' and a hint of 'No'.

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rawbahamian 2 years ago

It is becoming obvious that you are in the advanced stages of Dementia and that playing with the internet is your only form of entertainment . Please find some other avenue to vent your frustrations on !

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bogart 2 years ago

DEY FUNDAMENTAL BUSINESS DECISIONS...BY DIS AND MANY BUSINESS EXPERIENCETO SURVIVE AND BETTER......NEEDS TO HAVE THE BAHAMASAIR MANAGEMENT ....BOARD AND ALL MANAGEMENT TO LEARN THE ......CBL....BUSINESSES PRACTICES....ON HOW TO BE PROFITABLE...P/E 17.5....YIELD 5.64 %....EFFICIENT.....MANAGEMENT PUTTING SMILE ON ERRY SHAREHOLDERS....AN PUBLIC....,!!!!!!....

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realitycheck242 2 years ago

Sands giving Kalik a lickin . Signs of the times

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Well_mudda_take_sic 2 years ago

Ain't no crooked Big Bad Brad to help their heinie any more. LMAO

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banker 2 years ago

If you look at brewing from a supply chain perspective, the grains and corns that go into beer get huge agricultural subsidies from the US government making it cheaper for them to produce beer on a massive scale. In the Bahamas, the raw matierals must be transported across international boundaries, imported, dutied and processed in smaller batches by employees whereby the process is not as efficient as the economies of scale in the US. Hence cheaper beer.

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