By BBN Staff: The Belize Aqua Culture Limited (BAL) issued a release today stating that it has informed the Ministry of Labour of its intention to lay off approximately one hundred (100) employees at the company’s operation at Mile 4, Placencia Road, Stann Creek District.
The company states that the reason for downsizing is due to the incursion of significant costs in the fight against a disease outbreak that is affecting the entire shrimp industry.
BAL says that substantial efforts are underway to rebuild and make its operations profitable in Belize, with a view to re-employ affected employees at a later date.
The company also stated that it intends to effect the lay-off proceeding today.
The Ministry of Labour, is currently working closely with the management of the company and the affected employees to ensure that the legal requirements under Redundancy Provisions of the Labour Act Chapter 297 of the Laws of Belize, Revised Edition 2011, are complied with, and most importantly that the wages and terminal benefits due to all employees by law are paid.
The Labour Department encourages all affected employees to visit the nearest Labour Office in order to verify their payments.