Quote:
Originally Posted by PrcLust
The boss Jerry Wang ran away without paying the wages of the staff apparently.
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Yea, he ran away. And it also leave nearly everyone puzzled.
Its one of the most money-making hotel in Batam.
Many may ask, since making money, how come runaway?
There are many guesses among some of my friends.
Some of which are, that old man Jerry (in his 70s or coming to that age already) is thinking of retirement since a year ago (which is why the advertisement to sell away Formosa is over one year ago) and he wasnt able to sells it. Son no plans to take over his father. Running away seems like not a bad choice and especially so it was done after CNY 2020.
Paying his workers is really nothing but paying up to the governing body can be a major issue. Let's not forget, when he runs, he also leaves behind more than 111 LCD TVs, more than 111 beds, and other equipment like gym set, CCTV cameras, computers etc. Which after selling away should be sufficient to pay his workers. I pity those staffs who has worked in Formosa for many years. They are really hardworkers (and loyal) under a super strict boss.
The only problem left there like what bro BFOMF5 say is Formosa Residence.
How is it gonna affect the stake holders? The tenants, apartment buyers who is due to collect their apartment keys soon etc etc. The good news here is, Formosa Residence is almost 100% done up, hence it shouldnt pose any big issue.
Whats left is, the future maintenance of Formosa Residence and how to keep it operational.
I will be keeping a close look out for now tho,hehehe...
Quote:
Originally Posted by nitecrawllerr
Yes. Fond memories. Gonna miss Alisan too. I used to stay there early 2000. But cos teres no swimming pool i switched to Harmoni hotel
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You mean you go to Batam to swim?
Ok, jokes aside...Formosa Hotel is my 1st hotel in my 1st Batam trip. Thereafter few years down the road in my Batam trips, i used to stay there. I use that hotel as a base to guide Batam newbies, to show them directions where to go and how to reach some certain places. Its like a school of cheonging Batam to many. And there are many "graduates" from there,hehehe...put it in a more friendlier term, i make many good friends there. Even this CNY 2020, i have met up with at least half a dozen in Tea Story for some chit chat and sharing of cheonging notes.
Many good times there, and some bad times too.
If only someone could just keep it operational for some time, paying up the workers should be the least of its problem.