Nassau, Bahamas: As reported on this blog today FristCaribbean Bank’s Chairman Michael Mansoor flew to Nassau and confirmed reports that FirstCaribbean bank will indeed let go a small number of staff at the Bank.
Bahamas Press reported on last week that, “[A] Press statement will be release from Barbados between now and Monday morning.” However, the Chairman came to the Bahamas to deliver that statement on the position of the bank.
Bank executive Sharon Brown told a ZNS reporter that some areas of the bank will need reduced staff levels and in some an increase. She noted however that the downsizing will in no way be near the large amounts reported by Bahamas Press (160) workers. (AGAIN WE SAVED SOME JOBS)
Last week we noted that this blog might have saved some jobs at the bank and the press conference today confirmed our story on March 4th, 2009 (http://www.bahamaspress.com/?paged=2).
Mansooor also confirmed that the FCIB had made investments in the now failed CLICO Insurance company, however he assured that nothing the bank invested in CLICO will be lost.
Now that the bank executives have confirmed the downsizing, and have made their release public as we warned. Let see if Sharon Brown will now be removed as Managing Director. Two down one more to go.
Bahamas Press, REAL NEWS!