January 9, 2019
The Taylor Industries building on Shirley Street.
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Taylor Industries staff gain 33% of severance
Forty-one former staff of now-defunct Taylor Industries will receive just 33 percent of the total termination pay and benefits owed to them in what the company’s liquidator defended as “a relatively positive outcome”.
Collapsed firm's owners offer liquidator $150,000
Taylor Industries owners have offered to pay $150,000 to help cover their former staff's termination pay and other benefits from the $2.335m generated by selling the collapsed firm's former head office.
Taylor’s creditors left high and dry
Kelly's Home Centre leads the Bahamian unsecured creditors who will receive nothing of the debts owed to them by Taylor Industries, its liquidator has revealed.
BUSINESS BITES: Taylor Industries R.I.P. Aged 74
I guess I bought my first light-bulb over 30 years ago in the friendly store facing Shirley Street’s busy traffic flow. Convenient, with easy parking and never crowded, it continued to meet my occasional electrical needs, a local retail icon I never thought about— and which never changed.
Taylor Industries insolvent by $1m
Taylor Industries is insolvent by $1m after racking up a combined $1.856m in losses during the four-and-a-half years prior to its January 8 closure, it has been revealed.
Taylor Industries employees: ‘Customers knew more than us’
Former staff yesterday described Taylor Industries slide towards closure as “the most stressful thing we’ve been through”, adding: “The customers knew more about it than us.”
Taylor Industries: Insolvency forces 40 staff redundancies
Taylor Industries’ principals say three years of losses, combined with a harsh economic climate featuring escalating cost and tax hikes, gave them no choice but to close and lay-off 40 staff.
Taylor Industries closes after 74 years
Taylor Industries, the 74 year-old electrical retailer and contractor, was yesterday said to have ceased operating with its sole location completely locked down.
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