The largest integrated complex in Bintan Regency, Bintan Lagoon Resort (BLR) will close its operations after suffering losses for two years.
The five-star resort had suffered serious financial difficulties as occupancy rates plummeted due to the COVID-19 pandemic. Finally, the station had filed for bankruptcy at the end of July.
The closure was confirmed by the Bintan Manpower Office: “Yes, it’s really closed, the notification letter has been sent to us,” said the Bintan Manpower Office’s Industrial Relations (HI) Officer, Mr. Rusli.
More than 500 BLR workers have been affected by the layoff.
Indra Hidayat, head of Bintan’s employment agency, quoted by Indonesian news agency Antara, said a team had been sent to review BLR’s closure plan. “We are also providing guidance on the questions that must be met by BLR in order to close their business,” he added.
Hidayat’s team will oversee BLR’s employee dismissal process.
Opened in 1996, BLR has over 300 acres of beachfront gardens and is a 75-minute ferry ride from Singapore. The resort has 450 contemporary rooms, suites, and villas for couples, families, and groups, and is located on a private beach.
Yahoo Lifestyle SEA has contacted BLR for comment.
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