UTS Curacao and St. Maarten busy selling shares while workers not informed.

~ Board Members reduced to 3 instead of 7, PAR and MAN shuffling board.~

PHILIPSBURG:— Workers at UTS St. Maarten are nervous about their jobs as they received information that UTS is planning to sell its shares without informing their staff both on St. Maarten and Curacao. Many of the staff that worked for the company for a number of years are wondering if the company will downsize and if their jobs are in jeopardy since they were not informed about the latest developments. SMN News learned that UTS Management on St. Maarten plan to hold a meeting with its staff on Monday at 4:30 pm to bring them up to date now that information is circling via social media both on St. Maarten and Curacao, yet the company remains mum.
The government of Curacao downsized the seven-member board to 3 members, last month the chairman of UTS board and another member were discharged leaving three members on the board all of whom are supporting the PAR and MAN. Those that remained are Marnella Leitho, Etienne Es and Gerald Statsie.
On September 18th, 2018 the Council of Ministers in Curacao established the Privatizing Committee that has 3 members they are Alberto Romero as Chairman, Douwe N.J (Nico) Scheper as a member and Sueena N.I Francisco also a member.
SMN News further learned that UTS is busy working on the decision of the Parliament of Curacao that decided that UTS must find a suitable partner to maintain the company. That decision was taken some years ago. It is also stated that UTS is busy negotiating with FLOW, the former Columbus Communication brand, however, the company has not divulged any information regarding the selling of shares or possible partnering.

Click here to view MB that appointed the Privatizing Committee.

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Source: St. Martin News Network http://www.smn-news.com/st-maarten-st-martin-news/30195-uts-curacao-and-st-maarten-busy-selling-shares-while-workers-not-informed.html