ROYAL WESTMORELAND has sent home 19 workers as it feels the pinch of expired contracts and a weaker British pound.
Now faced with “a marked slowdown in property sales activity”, the St James-based luxury residential and golf resort has decided to take on “the exchange risk” in an effort to attract foreign home buyers.
These developments were confirmed by Royal Westmoreland chief executive officer Greg Schofield and director of sales Kim Goddard.
While denying reports that the company had retrenched 40 per cent of its staff, they told the MIDWEEK NATION they had to cut staff at a time when the market for their properties had softened. (SC)
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