By NEIL HARTNELL

Tribune Business Editor

The Grand Bahama Chamber of Commerce president has confirmed to Tribune Business that many Freeport-based retailers and businesses have suffered a 40 per cent sales decline due to the ongoing 'Bonded letter' controversy, with February the 'make or break' month for "significant" reductions in staffing levels.

K P Turnquest told this newspaper that many Freeport companies, especially the larger wholesalers and retailers, would use this month as a "year-over-year benchmark" to determine whether employee lay-offs would be necessary to enable them to "survive", given the drastic top-line decline. All companies concer ...

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