Photo Credit: Justin Ennis – Creative Commons
A & B Properties, Inc. announced yesterday that the Hawaiian Commercial and Sugar Company is transitioning to a diversified farm model. Sugar operations will be phased out by the end of 2016, and the transition to a new model will occur over a multi- year period.
No immediate layoffs will result from this announcement and approximately half of the 675 employees will be retained through the end of the sugar harvest, which is expected to be completed late in 2016.
Beginning in March, employees will be laid off as their specific functions are completed. Under the new diversified model, the plantation is planned to be divided up into smaller farms with varied agricultural uses, potentially including energy crops, food crops, support for the local cattle industry, and the development of an agriculture park.
To read more about this announcement, visit hcsugar.com .
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