La Brea residents fear job losses if LABIDCO sold
Business
Finance
Politics
October 16, 2026
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While the Government is yet to make a decision on the divestment of the La Brea Industrial Development Company Ltd (LABIDCO), residents and business owners in the area were yesterday clear that whether it is controlled by the State or a private entity, employment for residents in the area is a main concern.
Others were sceptical about what they felt could be a lack of transparency surrounding divestment.
Speaking in Tobago on Tuesday, Prime Minister Kamla Persad-Bissessar spoke of the divestment of State companies.
Business
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