By Kate Gardiner
3/24/2008 3:02:08 PM
The Molokai Times
MOLOKAI- All normal operations of Molokai Properties Limited will terminate April 5, reads a letter sent to MPL employees. According to the letter, state law requires 60 days notice for termination of contracts, and that the Ranch can choose toe either buy-out employee contracts or continue offering work. The Ranch says it will continue to offer work.
The letter, credited to MPL CEO Peter Nicholas, reads that the Lodge, the Beach Village and the Kaluakoi Golf Course will close April 5, and April 6, “the task will switch to preparing the majority of the assets for mothballing and preparing the entire property for closure…”
It continues, “After the 60-day period, [MPL] will have a phase-down period where a small number of employees will be asked to remain on our payroll to continue the shut-down process for the month of June. After June, the company intends to continue to employ a minimal number of staff to maintain the property.”
Nicholas also wrote...
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