Supreme Ventures restructures, cuts 19 workers
Supreme Ventures Racing & Entertainment Limited (SVREL) said it has completed its six-month operational assessment and has now restructured the business.
The company said it will retain 321 members of its team and dispense with the services of 19 others, according to a release issued a short while ago.
Those retained will be on contractual and full-time bases and includes a group which will continue to provide services to SVREL as employees of an outsourced agency.
“Our aim was to be as thorough as possible while being as sensitive as we could,” said Paul Hoo, chairman of Supreme Ventures Limited.
“Over the period we were able to closely look at roles and responsibilities in each area to determine how to effect changes that would yield the desired operational results,” he said.
“At the end of the day, we are happy to be able to retain the majority of our team,” Hoo added.
Staff mostly impacted by the separation was assigned to the finance and property departments.
Team members retained in the finance department will be absorbed by Prime Sports Jamaica Limited, a subsidiary of the Supreme Ventures Group, while some functions within the property department will be outsourced to the Audrey Hinchcliffe-led Manpower & Maintenance Services Limited.
SVREL’s management team had meetings with all staff members on Tuesday and Wednesday of this week, with a general staff meeting slated for tomorrow morning with team members moving forward with the organisation.
“There was some overlapping incurred by the consolidation and in an effort to be more efficient, some separation was necessary,” Hoo said.
Supreme Ventures Racing & Entertainment Limited started operations at Caymanas Park on March 7, 2017.