3/24/2008
The Molokai Times
By Kate Gardiner
Molokai Properties Limited is to shut down its operations on Molokai at the end of March. The company will lay off more than 120 staff on the island over the following 60 days. Company CEO, Peter Nicholas, said that staff had been advised of the company’s decision at employee meetings in Molokai and Honolulu today.
He said that MPL intends to “ mothball” the company’s assets on its 60,000 plus acre property on Molokai.
“The decision is purely a business one,” said Nicholas.
"For the past five years, MPL has been working with Molokai Community leaders and community members on developing and implementing a Master Plan for MPL's property and the future of Molokai.
"Unacceptable delays caused by continued opposition to every aspect of the Master Plan means we are unable to fund continued normal company operations," he said.
Operations to be shut down will be...
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