October 4, 2022 | By Colin O. Jarrett |
Jamaica Broilers will close its operations in Haiti. The company’s Board made the decision last Wednesday. Jamaica Broilers CEO Chris Levy said the turmoil and volatility made the operations bad for business.
He said the decision was not an easy one, but the move was necessary as the situation in Haiti had become “untenable” and the company was uncomfortable with “putting people’s lives at risk”. The CEO noted that the company’s Haiti operations represent less than 10% of the business.
Mr Levy said some assets will be redeployed, others will be sold and some may have to be written off.
The Broilers CEO estimates it will take about 3-6 months to complete the market exit. A number of businesses have found it difficult to continue operations in Haiti due to political and gang-warfare in the state.