NASSAU, BAHAMAS — Labour Director John Pinder said yesterday employers are being encouraged to make “adjustments” to remain viable in light of the current economic circumstances, noting “it isn’t business as usual”.
Pinder told Eyewitness News: “We are certainly trying to encourage employers to make adjustments to compete in these challenging times. It isn’t business as usual.”
Pinder said there has not been any indication of any major terminations on the horizon.
“It’s really a wait-and-see situation right now. People are waiting to see what happens at the end of January,” said Pinder.
The temporary layoff period, during which companies can send employees home without paying full severance pay, expires some 30 days after the emergency powers end. With the emergency powers set to expire at the end of the month, employers will have until the end of February to decide whether to recall or terminate workers still being furloughed.