{"id":17165,"date":"2018-07-02T10:03:07","date_gmt":"2018-07-02T14:03:07","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=17165"},"modified":"2018-07-02T10:59:16","modified_gmt":"2018-07-02T14:59:16","slug":"lee-wind-paints-closes-with-no-money-to-pay-staff","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/lee-wind-paints-closes-with-no-money-to-pay-staff\/","title":{"rendered":"Lee Wind Paints closes with no money to pay staff"},"content":{"rendered":"
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Lee Wind Paints has closed “temporarily” with no date set for the cash-strapped company to reopen.<\/p>

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The company’s Chairman\u00a0 Hugh Marshall Sr told staff last week that the company would close because it was unable to pay their salaries for the months of May and June.<\/p>\n

Marshall\u00a0told staff that the government stepped in to assist in February and April but is unwilling to continue to do so.<\/p>

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He said the government is taking that position because the majority shareholders of Lee Wind Paints have not honoured an agreement to transfer the majority shares to the government in exchange for tax arrears.<\/p>

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Marshall told staff that as a result of this “we are unable to raise funds…”<\/p>\n

The company acknowledged that staff is owned two months salary and one month notice in lieu but is unable to pay this because there is no money.<\/p>

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The closure became effective on June 29 but no mention was made of a re-opening date.<\/p>\n

See letter to staff below.<\/p>

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 <\/p>

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\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Lee Wind Paints has closed “temporarily” with no date set for the cash-strapped company to reopen. The company’s Chairman\u00a0 Hugh Marshall Sr told staff last week that the company would close because it was unable to pay their salaries for the months of May and June. Marshall\u00a0told staff that the government stepped in to assist […]<\/p>\n","protected":false},"author":3,"featured_media":17166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-17165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nLee Wind Paints closes with no money to pay staff - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/lee-wind-paints-closes-with-no-money-to-pay-staff\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee Wind Paints closes with no money to pay staff\" \/>\n<meta property=\"og:description\" content=\"Lee Wind Paints has closed “temporarily” with no date set for the cash-strapped company to reopen. The company’s Chairman\u00a0 Hugh Marshall Sr told staff last week that the company would close because it was unable to pay their salaries for the months of May and June. 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