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Economy

WICO Announces Staff Layoffs in Preparation for GERS Takeover of Havensight Mall

Robert Moore | March 04, 2020

ST. THOMAS — The West Indian Company Limited informed employees Tuesday that a "significant" number of workers will lose their jobs in the coming weeks as WICO prepares for an end to  its contract with the Government Employees' Retirement System (GERS) to manage Havensight Mall in St. Thomas. According to Interim President and CEO Anthony Ottley, the WICO Board of Directors,  " ... resolved to fairly compensate each of its dedicated employees facing termination by developing a severance package commensurate with each employee’s years of service with the Company."  In its written statement, WICO expressed its gratitude for employees."WICO worked exhaustively over the last five months in an attempt to reconcile differences with GERS, continue its management role for Havensight Mall, and save the jobs of all of its employees."  The Consortium…

Trump Proposes $619 Million for U.S. Territories and…

Staff Consortium | February 11, 2020

U.S. President Donald J. Trump on Monday proposed $619 million for the U.S. Department of the Interior’s…

Plaskett Announces Democrats' $760 Billion Plan for…

Robert Moore | February 02, 2020

Congresswoman Stacey Plaskett last week unveiled to the Virgin Islands community a five-year, $760 billion…

Cost-U-Less St. Thomas Said to Layoff 20 Employees…

Robert Moore | January 31, 2020

ST. THOMAS — The popular Cost-U-Less discount store apparently laid off about 20 employees on the eve…

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