Troubled TelEm
PHILIPSBURG – Telecom provider TelEm is in deep trouble, it appears from a letter it sent to the labor unions on Monday (June 1) about the decision to cut employee-salaries by 12.5 percent. The real situation at the company is at odds with the government’s assessment of the need for financial assistance to government-owned companies in its stimulus plan: “Airport, TelEm and GEBE have minimal impact and are not included at this time.”
While the government made this statement in its plan on April 19, the information StMaartenNews.com received about TelEm financial position tells a different story. Here is our analysis.
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