Nine jobs go at Logic
Nine jobs at Logic Communications have been lost as a result of the merger between Logic and North Rock, Vicki Coelho, Logic’s chief executive officer, announced yesterday.
In addition, it was announced that the Logic Store at 30 Victoria Street was to be shut, effective yesterday, also as a result of the merger.
The merged entities announced the job losses in a press release, which stated: “ ... as a result of the merger and resulting duplication of positions, nine people were today made redundant, four of whom are non-Bermudian.”
Mrs Coelho said in the statement: “We have made the difficult decision to make nine people redundant today. We would like to thank each of our departing employees and wish them well in their future endeavours.”
However, Logic announced that their help desk, which is currently located outside Bermuda, will be brought back to Bermuda over the next three months, which will create three new jobs.
Staff at the store expressed unconcern about the imminent closure of the store and said they were not impacted by the redundancies, when
The Royal Gazette visited the premises yesterday.
Logic’s chief administrative officer Philip Harris would not comment on the job losses, and Mrs Coelho was not in her office early yesterday afternoon.
At the time of the announcement of the merger, Logic and North Rock said they decided on the action as a way to better compete in an increasingly competitive marketplace. Ms Coelho said then: “Today the staff remains constant. We will be reviewing where there may be opportunities for better synergistic relationships, but at this point there are no redundancies.”
The merger between the two entities came just days ahead of the planned issuance of Integrated Communications Operating Licences (ICOLs) that paved the way for bundling of internet, phone and TV for consumers. It led to a delay in the granting of a licence to Logic while the issuing authority considered the implications of the merger.
At that time, Regulatory Authority chairman Kent Stewart said at a press conference: “We had expected to issue 21 (ICOLS), but the merger of North Rock and Logic has handed us some unusual issues and so we have delayed the issuance of their ICOLs ...”
Yesterday’s press release added that pricing for both North Rock and Logic internet packages are now the same across both companies, and that customers with North Rock e-mail addresses can continue to use them as usual. Customers will not need to switch to a Logic e-mail address as a result of the merger.
Customers will be serviced from the Washington Mall store. The new opening hours, effective Monday, will be 8.30am to 5pm, Monday to Friday, and 9.30am to 5pm on Saturdays.
The amalgamated entity is a wholly owned subsidiary of KeyTech Ltd, the parent of subsidiaries Bermuda Telephone Company and Cable Co, while Quo Vadis Holdings, CellOne and Bermuda CableVision are KeyTech affiliates.