Deterrent to bankruptcy
published: Saturday | January 3, 2004

THE EDITOR, Sir:

I READ with great interest Mr. Sameer Younis's recommendation that the Parliament repeal the Redundancy Act.

Mr. Younis (according to the article) claims that the act is a deterrent to investment. Yet in the direct quote attributed to him, he states, "In many instances a business may be bankrupt, because if they had to pay redundancy they would have to sell the building; and so they stay in business just because they cannot pay the redundancies."

It would appear then that the Redundancy Act is a deterrent to companies filing bankruptcy perhaps a bit too easily.

I am, etc.,

IVY DIXON

missbistouri@yahoo.com

Morant Bay, St. Thomas

Via Go-Jamaica