Govt ‘not budging’ on Grand Lucayan VSEP offer

The board of Lucayan Renewal Holdings Ltd. has made voluntary separation offers to both the line and managerial staff of the Grand Lucayan resort in Grand Bahama, and will not budge on that amount, said Board Chairman Michael Scott yesterday.

“The board has reached a determination as to what it will offer the management and line staff and it has made its offer,” Scott told The Nassau Guardian.

“That position is final and it’s in the hands of the policy makers, meaning the Cabinet. That’s it.

“…We’ve made our position. Our position is clear. We have reached a finite number in respect to both the management and the line staff and our position is, ‘This is what we are prepared to offer you. If you wish to take advantage of the packages, you accept what we’ve offered, if you don’t, show up to work.’”

Scott would not divulge any details of that offer. 

He noted, however, that the affiliated unions have indicated “a desire to speak to one or more Cabinet ministers and that’s their constitutional right”.

More than 200 employees of the resort have applied for VSEPs.

Attorney Obie Ferguson, president of the Bahamas Hotel Managerial Association, has said that 90 of the 115 managers applied for packages.

He said they are collectively entitled to between $3 million and $3.5 million.

The Nassau Guardian also understands that approximately 130 line staff employees are set to receive the packages and will collectively receive an amount that totals in the low seven figures.

The resort currently employs just over 400 people.

The government is purchasing the resort for $65 million with $30 million paid up-front, with intentions to find a private buyer for the property.

Minister of Labour Dion Foulkes said last month that negotiations and payouts for Grand Lucayan employees are expected to be completed by Christmas.



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Sloan Smith

Sloan covers national news for The Nassau Guardian. Sloan officially joined the news team in September 2016 but interned at The Nassau Guardian while studying journalism at the University of The Bahamas. Education: Vrije Universiteit Brussel (University of Brussels), MA in Mass Communications

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