Sunday, March 4, 2012

LAYOFFS PRECEDE TELECOM PRIVATIZATION.

State-owned Bahamas Telecommunications Corp. is severing almost 700 workers under a pre-divestment plan, the company said, reports CANA (June 1, 1999). The staff cut will complete BaTelCo's downsizing exercise, with a total of 867 workers leaving. The Government is seeking an international strategic partner to buy into 49% …

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