Such a great shame. Most of us are aware of the strain put on business by changes in technology, the likes of Amazon monsters and the need to keep up with the times. These sorts of things might be manageable, but ARE NOT MANAGEBALE with the successive Majority Rule Governments of the Bahamas, their total lack of understanding of the business world and the unfairness of the policies and practices levied against LEGITIMATE business owners/operators in this Country by said governments and their civil servants who are (LARGELY) interested only in lining their own pockets and are totally devoid of ethics and morality. Anyone who fails to comprehend or empathize with the hardships leading to the closure of Taylor Industries would have to either be in bed with the perpetrators of the terrible system that continues to exist in The Bahamas or be just a tad ignorant.

Though I sympathize with the laid off workers, the trickle effect of this closure is far beyond this redundancy. Consider how tough it is going to be to supplement and find the supplies, parts and trained professional services that this business provided

the persons who fix appliances can reinvent themselves.
nowadays you can order the parts online , so they will find work.

people who work in refrigeration are always in demand.

I'm sorry but they continued to operate in the dark ages......closing down for lunch?......they deserve to close just for that

DA GUBBERMINT NEEDS TO GIVE DEM A ....A......A......SUBVENTION...........SOMETING LIKE PAYING OUT THE..... CLICO PEOPLE..........OR PROPPING UP THE PRIVATE SHAREHOLDERS OF DA...BANK.....OR LIKE BUYING OUT THE BUSINESS ......JUS....LIKE BUYING THE HOTEL IN FREEPORT TO SAVE JOBS......BETTER STILL DIS IS BUYING LOCAL..... A BAHAMIAN BUSINESS TO SAVE THE JOBS OF BAHAMIANS........and sell electrical supplies to those same govt workers govt is selling those highly subsidized lots and house deals for Bahamians to obtain their homes........

YES, YES, YES. DA MINNIS-LED GUBBERMINT MUST NOW DO FA DEM POOR TAYLORS PEOPLE WHA'S BEST. MINNIS MUSSEE BORROW MORE AN' TAX MORE SO DEM TAYLORS PEOPLE BE RESCUED AN' HE BE WORSHIPPED AS GREAT COMPASSIONATOR SAVIOUR.

Several other major businesses are just hanging on by a thread and may decide to throw in the towel and close shop at any minute. And while one of the major phones companies is saddled in debt, the other one may be experiencing cash flow problems as customers continue to migrate to the new company. This what happens when a government chooses to increase taxes rather than growing the economy and generating new revenue. The cost of doing business is already through the roof and when taxes are continually being increased on the formal economy, it gives persons operating under the radar a greater advantage. It also increases the amount of losses government incurs in revenue as more and more persons tend to evade taxes. For them it Becca matter of survival.

employers, and family business employers more so, just do not want to pay the employees severance.

i am sure the liquidators will be paid more that what is due to the employees.

a decent employer would pay the employees, may be sella building, then call the liquidators.

The same is happening to UK high street shops. The local authorities make travel and parking so difficult and expensive. Why struggle to go into town or Nassau from the out islands when you can compare prices and order from your armchair. Both in the Bahamas and UK the authorities live for the moment but when a business shuts down then rates and taxes are lost.

Repost:
Can't blame the white Bahamian families who have sold or closed their decades old businesses over the past 20 years or so and migrated their family fortunes and children elsewhere. Successive black Bahamian governments (yes, we blacks!) made it impossible for them to conduct business anymore. Most of them read the tea leaves well. Some have adapted well but still carefully hedge their bets knowing that our country now has a one way ticket to ruination. Why do you think Brent Symonette makes so many trips to Switzerland each year?You can bet his family clearly sees the writing on the wall. LMAO

Agree with you Mudda---Those that could get out are already gone and the rest are trying their damnedest to get the hell outa Dodge!

This speaks volumes to the state of the economy. yes consumer purchasing habits have changed over the years and i'm sure most of the other issues mentioned play a part too, but reality is when businesses that have been established for decades like this one, the others mentioned and more, cannot survive any longer, it suggests there are major weaknesses in our economy.

Its going to take inovatives ideas from young mileaneals who have college, university level education to bring their ideas back home and start their own businesses to grow the economy. Banks should be mandated to create a minimum five hundred million venture capitol fund to make loans to young people with good ideas in technology, the green economy, research, eco tourism and light industries production.
The status quo is changing in the country and the economic reality's of these times are forcing it to happen. The old saying of "he who has the gold makes the rule"is changing to "he who has the best ideas wins the day"
Affected employees should make a positive out of this negative event in their lives by pooling their resources, forming their own company, liaise with old clients with whom they have existing relationships , contact international suppliers and become the local representative for the brands sold and serviced by their former company, Research a great location for their new company that has accessibility, online presence, and provide services to other sectors of the economy so that when there is a dip in one sector, other areas of the business may do well.

Great ideas but they will never happen with our mentality!

Sadly, this is just the beginning!

The elephant in the room is Amazon! What do we do about it? It's just better than any store the Bahamas has to offer. 90% of technology I buy from Amazon. Clothes. Everything. Bahamian buying habits have shifted online to Amazon and Walmart, and nobody has the foggiest clue what to do about it.

A flash back

http://tribune242.com/users/photos/2019…

I phoned them up not 3 months ago to have my generator fixed:
"Can you come today?"
"No, you have to come here, open an account, put down a deposit of $400. Then we will fix an appointment. It will be at least 2 weeks."

"So, I have to drive 15 miles to Downtown? Can I not give you my credit card over the phone?"
" No. And we close for lunch now."
Put the phone down, found a private guy who was here in an hour. Took PayPal payment.

Good riddance to bad rubbish, Taylor Industries. Get with it or die.

they used to 'close for lunch' and toss customers out at 1pm till 2pm, so they could take their italian siesta.

also, their price did not include installation . washing machine did cost more than 1,000, but to install, extra 150.00. so you talk to their delivery guy who comes back to your house at 7pm and charges 25.00.

there are plenty hungry younger people who will do this for you.

i called an appliance guy the other day who ' only takes wahts app ' calls. I had to ditch him to and find a regular person who takes phone calls.