Approximately 300 employees of Troy Resources Guyana Inc. were notified of their dismissals yesterday following a decision by the board of the Australian company as it seeks to find a way to restart operations.
A memorandum issued from Managing Director and Chief Executive Officer Ken Nilsson said the board has decided that all personnel currently stood down will be terminated as from this week.
“This decision was made with reluctance…,” Nilsson said, while noting that the company will assist employees by providing a termination pay out, which is expected to be paid by November 22nd.
