The largest integrated resort in Bintan Regency, Bintan Lagoon Resort (BLR) will close its operations after sustaining losses for two years.
The five-star resort had suffered dire financial woes as occupancy plummeted due to the COVID-19 pandemic. Eventually, the resort had filed for bankruptcy in late July.
The closure was confirmed by the Bintan Manpower Office: “Yes, it’s really closed, the notification letter to us had been sent,” said the Head of Industrial Relations (HI) of the Bintan Manpower Office, Mr Rusli.
More than 500 BLR workers were affected by the termination of employment.
Indra Hidayat, head of Bintan Employment Agency, who was quoted by Indonesia’s Antara News Agency said that a team had been dispatched to review BLR’s closure plan. “We also provide guidelines on matters that need to be fulfilled by BLR in order to close their business,” he added.
Hidayat’s team will be overseeing the process of layoffs for BLR’s employees.
Opened in 1996, BLR boasts over 300 hectare of beachfront gardens, and is a 75-minute ferry ride away from Singapore. The resort has 450 contemporary rooms, suites and villas to suit couples, families and groups alike, and is situated on a private beach.
Yahoo Lifestyle SEA has reached out to BLR for a comment.
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