Ascendant announces job cuts
The Ascendant Group has announced that ten jobs are to go across the company.
The bulk of the job cuts will come from management and supervisory at Belco, air conditioning firm Air Care and at Ascendant.
Sean Durfy, president and CEO of Ascendant Group, said: “Over the past six months we have made some significant strides in mapping out our future and identifying how to effectively deliver on our strategic plan. As part of this exercise we have been reviewing all facets of our business and that includes our organisational structure.”
He added: “After careful consideration and analysis, today we have made several changes to the organisational structures of Belco, Air Care and Ascendant Group Limited.
“These adjustments have been made in response to changes in our business environment and our goal of increased synergies and improved efficiencies across our group of companies.”
Mr Durfy said: “These changes are difficult. The majority of the ten redundancies are within the management and supervisory levels.
“With our electricity customers facing increased bills due to higher tax on fuel, the introduction of new regulatory fees and the cost to maintain ageing infrastructure, we need to operate more efficiently and be nimble to deliver the excellent service Bermudians expect and deserve.”
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