AFTER years of recording losses, paint manufacturer Berger Paints Trinidad Ltd has ceased operations in Trinidad.
The announcement was made on Monday by Berger’s parent company, the ANSA McAL Group.
“The company recognises that this decision will have a significant impact on its employees and has therefore agreed to make a lump sum payment to each employee in order to minimise the impact of this decision,” ANSA McAL stated.
“The group has also offered counselling and financial advice if desired,” it said, but did not confirm how many employees were affected.
The Express was told by sources familiar with the development that about 60 employees were affected.
Last Friday, BPTL and its recognised majority union, the National Union of Government and Federated Workers, signed a memorandum of agreement on the cessation of Berger’s operations.
ANSA McAL assured product availability in the market would not be affected as a result.
“This business has been in a loss-making position for several years.
“This decision places the paint business, which will now be distributed by ANSA Coatings Ltd, in a better position to build efficiencies and to become more competitive in both local and export markets, whilst ensuring no compromise to the brand’s quality statement,” the group stated.