Seven jobs lost at TBi
A number of jobs have been axed at TeleBermuda International.
The company has not stated how many staff are affected but it is believed seven posts have been lost.
TBi confirmed that jobs had gone and said it did not anticipate any more redundancies in the near future.
The company, which provides voice and internet services, and managed information technology services, was bought out by the East End Group in partnership with Celeritas Ltd in December.
In a statement, the new management of TBi said: “When the new owners purchased TeleBermuda International, the intent was to avoid redundancies. However, an intensive assessment of the company determined that layoffs were unavoidable.
“Our analysis revealed that TBi's current operational requirements did not align with its staffing levels. Regrettably, we were forced to make a difficult decision. Going forward, we do not anticipate any more redundancies in the immediate future.”
East End Group owns the wireless internet service provider Bluewave and is a public safety and wireless communications provider, while Celeritas is a Bermudian telecommunications investment firm and a subsidiary of the Mayfair Group.