Bermuda’s Guest Worker Permits Decline 15% in Four Months

Chamber of Commerce head Stephen Todd attributed the drop to a number of large reinsurance companies redomiciling, plus the impact of the global economic crisis.

There were a total of 10,127 guest workers holding active one-to-five year permits as of November 25, according to previous figures from Minister of Trade and Industry Kim Wilson.

Yesterday, she revealed the total number of active permits as of March 31 this year was 8,608; a reduction of 1,519.

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