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Layoffs have started following Hurricane Irma
However, following Category 5 Hurricane Irma that ravaged the VI on Wednesday September 6, 2017 leaving death, massive homelessness, some 90 percent of all buildings and boats, and 50 percent of all automobiles damaged or destroyed and panic in the streets for food and gas, many businesses have started to layoff workers.
Layoffs & more layoffs
CCT Global Communications had a meeting with employees a few days ago and laid off many of its workers. However, a spokesman for the company who identified himself as the store manager said the layoffs were only "temporary".
It is also our understanding that two major resorts, one on Virgin Gorda and the other on Scrub Island, have also met with their staff and indicated layoffs will take place until further notice because the two resorts were severely damaged by Hurricane Irma.
In addition, a major food chain in the VI is to announced shortly it could layoff up to 100 persons, according to a senior employee of the company.
Some of the Offshore/Trust companies have also done some layoffs, relocated employees and flew out others to their headquarters or other islands.
The economical fallout from Hurricane Irma is still to be determined on the Territory; however, there is expected to be a construction and office cleaning boom once financing and cash aid become available, and easy to access.
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