21 laid off from Freeport Home Centre

Read storyGRAND BAHAMA: The Home Centre in Freeport has laid off 21 people, placing blame on the island's worsening economy and a need to restructure.

In a press statement, Ray Simpson, president and chief executive officer of Freeport Concrete , which owns the Home Centre, said the staff would receive full severance packages.

Simpson said the store- the island's largest supply shop- needs more cash available to increase inventory.

He said American suppliers have not been extending the credit they used to and the company's local line of credit is already at maximum.

Full Story in The Tribune here (Page A1)

Full Story in The Nassau Guardian here