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More jobs have been cut at Ace Bermuda, The Royal Gazette has learned. A spokesperson for the company said yesterday that three more positions have been eliminated as a result of restructuring of Ace’s administration and facilities functions. Two o...

US banking giant JP Morgan is to close its private-equity office in Bermuda by the end of this year with the loss of 16 jobs, The Royal Gazette can reveal. According to a company spokesperson, the office will be relocated to Dallas where JP Morgan ha...

AIG property-casualty unit Chartis has laid off four employees in Bermuda and plans to cut at least six more jobs this year as part of a reorganisation. Chartis Bermuda, located in the former AIG building, now Chartis House, currently employs over 15...

Ace Ltd has cut three jobs in its Bermuda human resources department, but created one new position to combine HR support roles. The company confirmed on Friday that three staff members were let go as part of a reorganisation of the HR department. The...

Not even the airport is safe from the recession: three of the gift shops in the departure areas are set to close down today and their four staff will all be laid off. The owner Airport Shops Ltd blamed a major fall off in business due in large part t...

Office products and services company AF Smith Trading has cut six jobs citing the “depressed” Bermuda economy. Confirming the layoffs, AF Smith CEO Tim Smith said yesterday that five of the six staff let go were Bermudian. AF Smith is a leading provi...

Law firm Appleby has cut six jobs as part of a reorganisation of its business support operations in Bermuda. The firm said it continues to have more than 200 employees in Bermuda. In a statement yesterday Appleby’s Bermuda office managing partner, Ki...

Bermuda Motors has made five redundancies in its spare parts and sales departments, The Royal Gazette can reveal. The company said the job losses came as a result of “the review of the Bermuda Motors business model, changes in the current economic en...

Twelve percent of residents have lost a job in the last year, according to a new poll. Most of those who had their jobs axed were black men and the biggest out of work age group was 45 to 54 year olds. The statistics came from a Mindmaps poll conduct...