Limetree Bay Terminals on St Croix in the British Virgin Islands, has announced that it will cut its workforce by 28 percent as it seeks to remain competitive following the closure of Limetree Bay Refinery.
The company says that 35 staff members will lose their jobs, and their last day will be December 12, 2021. It has met with the affected employees.
“Reorganising Limetree Terminals will allow us to streamline operations and better position us to achieve the company’s business objectives,” said Jeff Rinker, Limetree Bay CEO. “This will enable us to continue to serve the St Croix community as a provider of good jobs as well as work for local business partners,” Rinker added.
The terminal recently reached a financing agreement with AMP Capital to ensure its continued operations.
For more information visit www.limetreebayenergy.com
