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JOE restructures - 750 positions affected

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St Joe gets the bad news out of the way before they give the good news (at least as far as the company is concered). They are keepng the West Bay Sector Area propety. They think it is prime for development. When the dirt is turned for the new airport , I think there will be big announcements for the area around the airport that Joe owns.
 
This is not good news...
St. Joe was a timber company. Loggers, not real estate people, or hospitality people. They chose to team up with Arvida, whose practices led them into some serious trouble after Hurricane Andrew. The problem that I have been concerned with is that birds of a feather seem to flock together. How can a reputable company collaborate with one that is known to be not reputable? Unless they both have similar standards. I think that it has been inevitable. The problem now is what to do with the unemployed workers? Where do they go now?
http://www.ccfj.net/condoartshoddy.html
http://digital.library.miami.edu/andrew/html/signs_of_andrew.html
http://www.ansbacher.net/content/construction.htm
 
The problem now is what to do with the unemployed workers? Where do they go now?

Well, according to the Business Wire:

500 employees are being transferred to JOE's "best-in-class strategic alliance partners" which will "provide them with significant new professional opportunities."



.
 
Last edited:
Well, according to the Business Wire:

500 employees are being transferred to JOE's "best-in-class strategic alliance partners" which will "provide them with significant new professional opportunities."



.

Thank goodness for the family's.
 
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