Grand Bahama’s unemployment rate could now be in the region of 25 percent, following the Our Lucaya Beach and Golf Resort’s layoff of 200 staff members on Friday, charges the island’s Chamber of Commerce President Peter Turnquest.
The situation is especially troubling, he said, given there are no jobs prospects to absorb that number of unemployed persons.

“That’s a major blow for us,” Turnquest told Guardian Business yesterday. “Two hundred jobs is going to be very significant.
“I don’t know where we are going to pick that up.”
While there are several projects being talked about for the isl ...

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