Approximately 180 workers have been retrenched by Barama Company Limited, according to General Manager Mohindra Chand, who says that a drastic slowdown in the market is largely to blame but the government’s protracted review of the company’s contract for renewal has also contributed.
The Malaysian-owned company has been laying off workers since July, Chand said. “They have been going in phases and in total it has been approximately 180 persons that have been laid off from different departments across the board,” Chand told Stabroek News yesterday.
He pointed out that the retrenchment is directly linked to the market slowing
