Following the first ever loss recorded in the history of the company, Paramount Trading Jamaica Limited has embarked on a programme of retrenchment while hunting fresh talent.
CEO Hugh Graham said job separations amid new hires were necessary to counter the $14.36 million loss.
It's the distribution and manufacturing company's first-ever descent into the red since it was registered in 1991.
Mr Graham expects that the investments being made in manufacturing will allow for revenue generation.
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