500 employees were canceled at Cap Cana
By Pavel Arias
Friday October 17 2008
SANTO DOMINGO-Nearly five hundred employees of the resort of Cap Cana, were canceled as a result of the crisis situation that affects the commercial banks in the United States and other European nations.
It was also learned that the tourist complex that operates in Punta Cana in Higuey, keeps millions in debt with many companies and suppliers of individual services.
They also knew that as a result of the economic crisis affecting the tourist complex was selling a fleet of vehicles including two private jet aircraft used by top executives of the company and customers exclusive.
Director of Communications Cap Cana Ellis Perez confirmed the situation and explained that in recent weeks have been laid off nearly five hundred employees who were working at the company.
Perez clarified however that as part of restructuring the tourist complex was decided to hire specialized suppliers who are responsible for filling the vacancy of employees made redundant.
He said the executive of Cap Cana that the company is undergoing a process of opening new hotels rooms in a short period of two or three months and necessarily will have to hire between seven to eight hundred new employees to replace those services.
"It's very possible that we end up with more employees in three months that he had recently," said Ellis Perez during a speech in the radio program The Government of La Tarde, the radio station Z-101.
He revealed that there really is a level of arrears in payments by companies and individuals suppliers of services and building materials.
He explained that the resort is selling cars, trucks, vans and two private jet aircraft. He clarified however that this decision was agreed taking into account that these vehicles would not be used by the company in their everyday tasks.
"If we are going to hire specialized suppliers to give us the services is not logical to have a fleet of trucks and vans which represented a series of maintenance costs and employees for the company," Ellis added Perez.
He denied also that there is a Commission on Settlement of Properties of Cap Cana after adding that when it actually creates a commission of this kind is when a company declares bankruptcy.
He said that two small aircraft with capacity for eight passengers each so that the company is selling to buy two new aircraft and sixteen other 24 occupants each.
He explained that the company is not in crisis, but this subjected to a process of readjustment to present world economic situation which is registered in the United States and other nations proceeds from the bankruptcy of a bank.
He clarified that the company had funding to the bank Lehman Brothers for $ 250 million. He indicated that everything was ready to receive the first disbursement of 50 million dollars, but unfortunately three days after it was announced the bankruptcy of the banking institution.
He said that this was going to provide the company have in their pockets or in his bank account that the high amount of money, but unfortunately that transaction did not occur.
He stressed that now that there really is a situation of limited liquidity, a situation that argument are going through the vast majority of companies in the world as a result of the banking crisis...
El Viajero Digital
