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By PAUL G
Tribune Staff Reporter
EIGHT thousand jobs at Atlantis could be put at risk if Baha Mar is approved in its current state, Kerzner International's chairman and CEO stressed yesterday.
Voicing his confidence that Prime Minister Hubert Ingraham will not pass the deal in its current form, Sir Sol Kerzner said that he was extremely disappointed in t...
Prime Minister Hubert Ingraham said yesterday he has been assured that the jobs of the 8,000 people employed with Kerzner International in The Bahamas remain secure despite the shift in ownership of the Atlantis Resort and One&Only Ocean Club.
By NATARIO McKENZIE
Tribune Business Reporter
THE BAHAMAS Hotel, Catering and Allied Workers Union (BHCAWU) yesterday said it continued to remain vigilant over the employment situation at Atlantis following Brookfield Asset Management's assumption of ownership, interpreting the fact it had not been called in as a positive sign.
Union president, Nicole Martin, said th...
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 a...
The four-year management agreement Kerzner International has entered into with the new owners of the Atlantis Resort requires the company to meet revenue standards in the first year of the contract that it last achieved in 2008, The Nassau Guardian has confirmed.
The revenue targets have important implications for job security at Paradise Island.
If Kerzner International, as the manager of the Par...
The Progressive Liberal Party (PLP) said it is willing to help the 'incompetent' Ingraham administration negotiate with international creditors in a bid to save thousands of jobs at Kerzner International's Paradise Island properties.
News broke yesterday that Brookfield Asset Management, the Canadian conglomerate that agreed to take over Atlantis and two other Kerzner properties in a $175 million-...
Nassau, The Bahamas - With the recent proposals of the acquisition of Atlantis by one of its lenders, employment security in the tourism sector has Prime Minister Hubert Ingraham committed to leadership that protects Bahamian workers.
NASSAU, The Bahamas - With the recent proposals of the acquisition of Atlantis by one of its lenders, employment security in the tourism sector has Prime Minister Hubert Ingraham committed to leadership that protects Bahamian workers. "We continue to monitor events and assist where appropriate and helpful
Our overriding responsibility is for the protection of Bahamian jobs and the long- term vi...