Press Releases - LABOR STRIKE ENDS AT RED FROG BEACH PROJECT IN BOCAS DEL TORO

LABOR STRIKE ENDS AT RED FROG BEACH PROJECT IN BOCAS DEL TORO


After a long drawn out labor strike, Red Frog Beach Club (1) owners and Suntracs reached an agreement putting an end to the conflict.

Bocas del Toro, Panama.  October 21, 2008.  “We realize that many people have been affected by this conflict and we are really grateful and relieved that it has finally come to a resolution”, said Joe Haley, President of Pillar Construction, the construction company of Red Frog Beach Club (1).  He further declared;


After a long wait, we have come to a settlement that will benefit not only our workers and employees, but also the project, the Bocas community and Panama. Over this period of time we were not only forced to stop our operations, but a great deal of economic activity in the community of Bocas Del Toro was drastically reduced.  There was a massive amount of commerce lost by the local businesses, hundreds of jobs for the locals were lost, client home construction was delayed and investor’s capital and investment in the area and the country was put at risk.


The down-turn has given us a chance to become more reflective on our development approach which has always been to be a responsible project committed to protect the environment, the community and the culture surrounding us.
 
It will take us some time to come back and mobilize the re-launching of the project due to the long duration of the strike and due to the fact that all of the employees of Pillar Construction were liquidated.  


We look forward to a stronger more communicative relationship with the union in the future to avoid any other labor issues.
At the same time, we wish to thank all of our vendors for the great support and collaboration they have provided to us during this conflict which has helped us to develop a more solid business and partnership relationship.


We also want to thank the government administration for all of the support that made possible the many advances during the first stages of the project and we’re looking forward to working together with the upcoming government administration.  We hope to improve the rule of law in Bocas since during our downturn unscrupulous people were trying to take advantage of the situation. This, along with the land titling issue must be attended to for the good of the community and the future investment opportunities in the islands.


Finally, we wish to extend our sincere appreciation to all of our clients for your tremendous patience!  We look forward to getting back to work and making this beautiful project a long term success!


We now look forward to developing a closer and more positive relationship with the community, our great workers and with all of the government institutions.  Again, we greatly appreciate everyone’s support during these difficult times as we continue to strive to achieve our goal of making Red Frog Beach a highly successful development.


Contact:
Michelle Slough, Public Relations
Pillar Panama
(507) 757-9749  (507) 6672-7743
mslough@redfrogbeach.com  http://www.redfrogbeach.com