DNA Predicts Atlantis Job Cuts

Tue, Jan 3rd 2012, 10:00 PM

DNA leader Branville McCartney is predicting employees at Atlantis will be laid off within the next six months.

Almost 8,000 Bahamians depend upon the resort and the One&Only Ocean Club for their livelihood, but Mr McCartney insists their employment has been placed "in jeopardy" by the recent deal between Kerzner International Holdings and Brookfield, which transferred ownership to the Canadian asset management company.

According to Mr McCartney, the resort will need to cut staff following the general election in order to meet the terms of the management agreement, which requires an annual profit increase of 20 ...

Click here to read more at The Tribune

 Sponsored Ads