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View Full Version : Pioneer....job losses emminent..


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FACTS ONLY
05-19-08, - 09:07 AM
Apparently the company has either been sold or is merging with another out of Florida.

Details anyone?????:confused:

Some employees, it is said, have already been told they WILL lose their jobs.

Brown Suga
05-19-08, - 09:10 AM
Apparently the company has either been sold or is merging with another out of Florida.
Details anyone?????:confused:
Some employees, it is said, have already been told they WILL lose their jobs.


I saw something in the papers....must be Jones on the weekend. I will look and post it here!

Brown Suga
05-19-08, - 09:15 AM
I don't see it but I remember reading about it recently, maybe the Tribune business section on Thursday, I will look later as I stillhave the paper lying around at home!

SpamStopper
05-19-08, - 09:19 AM
facts been doing lots of gossiping this morning aye? :D

FACTS ONLY
05-19-08, - 09:21 AM
facts been doing lots of gossiping this morning aye? :D


You een see NUTTIN yet!! I've been on lockdown this weekend.......so ya know!!:hammer:

Brown Suga
05-19-08, - 09:22 AM
You een see NUTTIN yet!! I've been on lockdown this weekend.......so ya know!!:hammer:

Wondered where u were all weekend....hope u was on lock down with Mr. FO!:hammer:

FACTS ONLY
05-19-08, - 09:28 AM
Wondered where u were all weekend....hope u was on lock down with Mr. FO!:hammer:


:footmouth.....................................................DPWM!!

Brown Suga
05-19-08, - 09:49 AM
:footmouth.....................................................DPWM!!



BOR!

casualobserver
05-19-08, - 03:18 PM
Apparently the company has either been sold or is merging with another out of Florida.
Details anyone?????:confused:
Some employees, it is said, have already been told they WILL lose their jobs.

bump...

FACTS ONLY
05-20-08, - 09:03 AM
bump...



Well Casual, een you work in Shipping? Whats going on at Pioneer Shipping? Were they sold? To whom? Is it a Bahamian or foriegn company?

casualobserver
05-20-08, - 09:53 AM
Well Casual, een you work in Shipping? Whats going on at Pioneer Shipping? Were they sold? To whom? Is it a Bahamian or foriegn company?

between us kids, I don't think there is a business to sell anymore. They probably sold some assets off to various people.

I don't know what the status of their Nassau operation is, or what its future may be.

If the rumours are true, then there is only one true Bahamian shipping line not subsidized by gov't - Betty K.

FACTS ONLY
05-20-08, - 02:19 PM
between us kids, I don't think there is a business to sell anymore. They probably sold some assets off to various people.
I don't know what the status of their Nassau operation is, or what its future may be.
If the rumours are true, then there is only one true Bahamian shipping line not subsidized by gov't - Betty K.


It was just announced on Love 97 news that some of the staff were notified last Wednesday. They are upset. They are family men who have mortgages and such. They were apparently told that they would be compensated but were just recently told that because the company was not "sold" yet, they may have to wait for compensation. SAD!!

Lurker
05-20-08, - 02:42 PM
Crap. I was thinking of buying them, but just never got around to it. Casual Observer was right. They sold their ships and operated them on a lease-back. The most valuable asset that they have is Union Wharf which they own. I had my eye on that property to flip or re-develop as condos when and if Bay street gets cleaned up.

FACTS ONLY
05-20-08, - 02:54 PM
Crap. I was thinking of buying them, but just never got around to it. Casual Observer was right. They sold their ships and operated them on a lease-back. The most valuable asset that they have is Union Wharf which they own. I had my eye on that property to flip or re-develop as condos when and if Bay street gets cleaned up.





LATE!!.............AGAIN!!:footmouth

casualobserver
05-21-08, - 08:17 AM
LATE!!.............AGAIN!!:footmouth

you try convincing investors that buying a losing operation is money well spent!