PharmaChem Technologies announced it would be closing its doors this month after more than twenty years operating on the island of Grand Bahama. The move has left over one hundred residents of the island unemployed.
Director of Labour, Howard Thompson spoke to ZNS News to address concerns about severance packages from the company. He said, “PharmaChem would have given notice to the government sometime last month regarded these proposed restructuring and termination.
Thompson added that discussions held with officials of the company over the weekend were productive. ”I would also go as far to say that in my research and dealing and conversation with the executives, PharmaChem has been a good corporate citizen of Grand Bahama for many, many years and I expect them to do right by their former employees.”
On the severance packages Thompson said, “I understand that conversation is that all of the employee’s entitlements and benefits under the employment laws of The Bahamas will be adhered to and will be recognized and they will be paid out in accordance with their redundancy payments. I have every confidence in PharmaChem that they will follow through on that.”
In response to employees of PharmaChem stating that they have not received full compensation Thompson said the matter will be investigated. He also encourages the newly unemployed to sign up with the skills bank of the Department of Labour.