Wednesday 19 June, 2019

Berger ceases local operations

Berger Paints is set to cease its manufacturing operations in Trinidad after years of recording losses.

The company, which is majority-owned by ANSA McAL, signed a Memorandum of Agreement on the cessation of operations with its Recognised Majority Union, the National Union of Government and Federated Workers (NUGFW), on May 31.

The company says the move became necessary as it has been in a loss-making position for several years.

A statement issued by ANSA McAL said with the recognition that the decision will have a significant impact on its employees, lumpsum payments will be made to each employee in order to minimise the impact of this decision.

Employees will also be offered counselling and financial advice if needed.

The company said the paint business will now be distributed by ANSA Coatings Ltd, which will place it 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”.

It also assured that product availability in the market will not be affected.

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