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A survey conducted by the Private Sector Organisation of Jamaica (PSOJ) has revealed that a majority of its members have suffered losses as a result of the recent unrest in sections of the Corporate Area.
In the informal survey, close to 100 per cent of businesses reported losses.
The majority indicated that their loss was reflected in low productivity levels due to the closure of businesses and reduced working hours.
Some of the business operators surveyed said the revenue fall out was below $1 million.
However, at least three entities reported that they each lost $50 million or more during the stand-off between the security forces and gunmen loyal to Tivoli Gardens strongman Christopher ‘Dudus’ Coke, an accused drug baron.
Another three members of the PSOJ, each reported that the fall out to their operations was between $10 million and just under $50 million during the incursion.
Meanwhile, 13 member entities reported that they were yet to determine the extent of their losses.
In the informal survey, close to 100 per cent of businesses reported losses.
The majority indicated that their loss was reflected in low productivity levels due to the closure of businesses and reduced working hours.
Some of the business operators surveyed said the revenue fall out was below $1 million.
However, at least three entities reported that they each lost $50 million or more during the stand-off between the security forces and gunmen loyal to Tivoli Gardens strongman Christopher ‘Dudus’ Coke, an accused drug baron.
Another three members of the PSOJ, each reported that the fall out to their operations was between $10 million and just under $50 million during the incursion.
Meanwhile, 13 member entities reported that they were yet to determine the extent of their losses.