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(SNO) — After being in existence for 26 years, the Saint Lucia Fish Marketing Fish Corporation Ltd. (SLFMC) is closing its doors and all staff members have been made redundant.
In a letter to employees, Timothy Green, chairman of the SLFMC, said economic conditions have made the company un-viable and hence is unable to continue operation.
“A review of the performance of the SLFMC has shown the organization has been unable to effectively and efficiently execute its mandate and is confronted with significant losses and working capital deficiencies,” Green said in the letter.
The letter said that the process of closure will make all positions redundant as of March 1, 2019.
“SLFMC has written to your bargaining agent, the Saint Lucia Seamen Waterfront and General Workers’ Trade Union and has been in consultation with them as required by law to ensure a fair and transparent process, in addition to informing the Labour Commissioner,” it stated.
Green noted that the union requested that SLFMC submit redundancy calculations and this has been done.
“Further, I have been advised by your bargaining agent that they will be meeting with you to update and answer queries concerning the process,” he wrote.
The St. Lucia Fish Marketing Corporation Limited has been in existence since 1984. It has been known to be the island’s largest supplier of processed and packaged local fish and imported seafood.