Bryden Stokes cutting staff in restructuring move
BRYDEN STOKES, a subsidiary of ANSA McAL, will be shedding four per cent of its staff in what it calls a restructuring of its operations.
A release issued by the company this evening said all employees were advised of the move in a general staff meeting this afternoon.
The company said the restructuring would consist of a “redesign of its supply chain operations to ensure that it adequately supports the business in these very challenging economic times”.
“The company has designed the enhanced structure with additional focus on its suppliers, customers and team members. This modification will lead to improved supply chain efficiency and effectiveness to deliver organisational sustainability, however, in some instances, some existing positions have been displaced,” the release stated.
Bryden Stokes gave the assurance that it would ensure that those team members were treated fairly and would provide support services to assist them in managing through this transition.
The company also revealed that senior executives met with Barbados Workers’ Union representatives to begin the consultation process on the restructuring. (PR/NB)