FOR IMMEDIATE RELEASE

From: The Bahamas Agricultural and Industrial Corporation

Date: 2nd February, 2018

The Bahamas Agricultural and Industrial Corporation (BAIC) announces that pursuant to a continuing comprehensive review of all of its operations by its Management and Board of Directors and having regard to the said review, had a disengagement exercise today which affected 13 persons in various categories including: –

• Redundancy
• Contractual
• Probation
• For Cause

We note further that 3 persons were not disengaged today as a direct result of Union Consultation and 1 person resigned.

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