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**fnpsr** » 2010-07-05 11:40

Tenman, I hear what you are saying, but I believe in simplifying the process. A different fund for each industry seems a bit much. First of all you have to define the purpose of the fund – to wit: “to compensate workers when their company fails and the company is unable to pay final wages and severance.” So it does not matter what industry the company is in, it will make a contribution to the fund. Upon failure of the company, the employees will make application to the fund. You can set the contribution based upon experience, so if the hotel industry is more susceptible, it would pay a higher premium. But overall, there would be one fund.

**tenman** » 2010-07-05 08:33

fnpsr I thought the changes were inline with what you suggested. I simply made it industry specific because most of these problems (companies not being able to pay) tend to happen in the hotel industry. I also can't see how you would have businesses in different industries do something like this in the same pool. It has to be industry specific. The reason for this is because for example an industry like the gaming industry would be more riskier than a hotel industry so they would need different requirement.

**fnpsr** » 2010-07-05 06:38

Tenman, here is an excerpt from my previous post on this matter. "I would be very careful about asking business to give a deposit to pay workers in the event the business fails. A business person never goes into business in order to fail. What might be better is that all businesses in Antigua contribute some small percentage of earnings to a fund to cover events like this. They may not get the full amount owed, but something would be better that nothing. The fund would serve as insurance."

**tenman** » 2010-07-05 05:18

objectivity well said. To be clear I agree with the post (Both governments ALP and UPP). fnspr some time ago suggested a possible solution to this is to have all hotels put towardssomethin g we could call bankruptcy workers insurance. The idea would be similar to what the central bank currently does with our banks.

**Objectivity** » 2010-07-05 04:58

This type of situation has been allowed to proliferate throughout the country for years. The problem occurs when no performance clauses are written into the arrangements between the government and the principles of these shady establishments. If the government and I mean past and present were discerning enough and not just bent on getting a free lunch, they would have engaged in the necessary du diligence prior to brokering these deals.

It is always the people who suffer after ill informed decisions are made. So sad. Where is Neil Forrester and the Hotel Association in this matter? Again So Sad.

**Skyewill** » 2010-07-05 01:28

They have no money. drained of funds with no customers. This is a trend. I visited another Hotel on the island a few weeks ago and it was so dead I just turned around and left, drove around and went back to the house. Building new Hotels or resorts at this time may be a mistake. What we need to build is the product we currently have. The entire island is in this condition negative growth and numbers going south due to upside down thinking. It is never to late to do the right thing

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