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Restaurant Weeks celebrates its ‘sweet sixteen’

The BTA initiative will feature more than 50 participating restaurants island-wide

Bermuda Restaurant Weeks (RW2026), led by the Bermuda Tourism Authority (BTA), returns for its 16th year from January 16 through February 16, 2026, inviting residents and visitors to experience the island’s vibrant and evolving culinary scene through a month-long celebration of flavour, culture and community. 

A cornerstone of Bermuda’s winter calendar, Bermuda Restaurant Weeks 2026 will feature more than 50 participating restaurants island-wide, offering two-course lunches and three-course dinners priced between $35 and $69. Participating chefs will present menus inspired by Bermuda’s flavours, traditions and culinary heritage, complemented by refreshed cocktail programmes, immersive signature dining experiences and a dynamic live entertainment schedule. 

Throughout the month, diners can enjoy their Bermuda Restaurant Weeks meals alongside any of the 15 scheduled live performances hosted across participating restaurants, adding music and atmosphere to the dining experience. 

“Bermuda Restaurant Weeks continues to elevate visitor experiences by offering accessible pricing, immersive dining and live entertainment across the island,” said Jasmine Furbert, Director of Visitor Experience at the Bermuda Tourism Authority. “It invites both residents and visitors to explore Bermuda’s food culture in new ways while enjoying exceptional value during the winter season.” 

Signature Dining Experiences 

Bermuda Restaurant Weeks 2026 will feature six signature events, offering elevated, immersive dining moments throughout the month. 

January 17, 2026 – World Culinary Series | A Night at Frantzén 
Inspired by Stockholm’s three-Michelin-star Frantzén, Executive Chef James Wambui presents a seven-course tasting journey blending Nordic purity with refined global technique. 

January 24, 2026 – A Night of Fire at Little Venice 
A dramatic three-course dining experience with each dish fired and finished tableside, celebrating bold flavours, heat and culinary theatre. 

January 29, 2026 – An Authentic Hot Pot Experience at L’Oriental 
Beginning with shared appetizers and an Asian-inspired cocktail, guests gather for a communal hot pot experience designed for groups of 8 to 12. 

January 29, 2026 – Boodle Feast at L’Oriental 
A traditional Filipino feast served atop banana leaves, encouraging guests to dine by hand and share in a vibrant communal experience, ideal for groups of four or more. 

February 6, 2026 – Twilight Table at Huckleberry 
A candlelit dining experience set in near darkness, heightening the senses through a secret four-course tasting menu marked by bold seasonings and creative surprise. 

February 13, 2026 – Dinner and Show with Grammy-Recognised Charu Suri 
A Valentine’s-themed evening pairing live music with fine dining, featuring pianist Charu Suri and a thoughtfully crafted four-course menu inspired by her global influences. 

Supporting Year-Round Tourism 

Bermuda Restaurant Weeks supports the objectives of Bermuda’s National Tourism Plan by encouraging year-round visitation and spotlighting cultural and culinary experiences beyond the peak summer season. The programme aligns with Spa Month, which runs throughout February and offers up to 50% off spa services, along with reduced accommodation rates and airfare, positioning winter as a high-value time to visit the island. 

As Bermuda Restaurant Weeks celebrates its “Sweet 16,” the 2026 edition continues to honour the chefs, restaurateurs and hospitality professionals whose creativity and innovation have shaped the programme into a signature Bermudian experience. Butterfield x Mastercard, Restaurant Week’s 2026 promotional partner, will be providing special add-ons to RW2026 diners at select venues.   

For more information including participating restaurants, reservation information, live menus and the full entertainment calendar, visit gotobermuda.com/restaurant-weeks. 

Jewellery maker Pandora says weak consumer sentiment hits growth

Pandora said in a preliminary reading of 2025 results that it expected an operating profit margin of around 24%, in line with its previous guidance

International News via Reuters:

Danish jewellery group Pandora warned on Friday its full-year organic sales growth for 2025 would land at 6%, below its previous guidance of 7-8%, sending its shares down.

Pandora said in a preliminary reading of 2025 results that it expected an operating profit margin of around 24%, in line with its previous guidance.

“The top-line performance reflects a year marked by a generally weak consumer sentiment, with North America being particularly impacted in the fourth quarter,” it said in a statement.

“The bottom-line performance demonstrates strong gross margins and cost discipline which partially offset significant external headwinds from commodity prices, foreign exchange rates, and tariffs.”

Shares in the company, which is due to publish its full fourth-quarter earnings report on February 5, were down 5% at 1106 GMT.

Reporting by Anna Ringstrom, editing by Terje Solsvik

Before fatal ICE shooting, Minnesota had become Trump target

The agent who shot Renee Nicole Good, 37 and a U.S. citizen, was among 2,000 federal officers flagged for deployment to the Minneapolis

International News via Reuters:

Months before a U.S. immigration agent fatally shot a motorist in Minnesota on Wednesday, President Donald Trump had fixated on the state, repeatedly criticizing its Democratic leaders and the large Somali-American community there.

The president called Somali immigrants “garbage,” railed against a sprawling welfare-fraud scandal and ridiculed Governor Tim Walz, a Democrat who ran on the party’s ticket in the 2024 presidential election against Trump. Minneapolis also was one of several Democratic-led cities subject to major immigration crackdowns.

The agent who shot Renee Nicole Good, 37 and a U.S. citizen, was among 2,000 federal officers flagged for deployment to the Minneapolis–St. Paul area, home to the largest Somali diaspora in the United States. The Department of Homeland Security has called the operation its most expansive ever. The agent’s name has not been released by DHS.

The shooting, which inflamed the already charged political climate and sparked protests, unfolded against a backdrop of what political analysts describe as mounting animus toward a state led by Walz, whose conflict with the president traces to the unrest that followed George Floyd’s killing by a Minneapolis police officer in 2020 during Trump’s first term.

“There’s no secret that the president of the United States does not like Governor Walz and has paid particular attention to the fraud that occurred here,” said Marc Osler, a professor at the University of St. Thomas School of Law in Minneapolis.

Osler said Minnesota seems to “trigger” Trump in several ways, pointing to his repeated attacks on Representative Ilhan Omar, a Somali-American Democrat representing a Minneapolis district, and his losses in all three presidential elections there.

The White House has defended the shooting of Good as self-defense by a law enforcement officer merely doing his job and says the recent surge in federal resources to Minnesota was aimed at rooting out fraud.

White House spokeswoman Abigail Jackson said President Trump’s “only motivation is doing what’s best for the American people.”

Trump spokeswoman Karoline Leavitt said in a news conference on Thursday that DHS would “continue to operate on the ground in Minnesota, not only to remove criminal illegal aliens, but also to continue conducting door-to-door investigations of the rampant fraud that has taken place in the state.”

Launched in December, the Immigration and Customs Enforcement (ICE) operation in the Minneapolis area follows similarly controversial deportation efforts in Los Angeles, Chicago, Charlotte and New Orleans – all Democratic strongholds.

While California and Illinois governors Gavin Newsom and JB Pritzker emerged from their battles with Trump with larger national profiles, Walz this week said he would end his bid for a third term to focus on welfare fraud allegations that have become a rallying point for Trump and his Republican allies.

SPOTLIGHT ON FRAUD SCANDAL 

Nearly 100 people have been charged with felonies for what federal prosecutors say was an abuse by some nonprofit groups of Minnesota’s social service programs. Most of the people prosecuted are from the area’s Somali community.

Mike Griffin, a community organizer in Minneapolis, said he believes Trump and his allies are putting a new spotlight on a fraud scandal that dates to the Biden administration to paint the city as corrupt and justify his immigration crackdown.

“We can make sure that we end waste, fraud and abuse, but also make sure that we’re supporting our immigrant communities and supporting civilians,” Griffin told Reuters. “We can focus on those two things, but those are two separate conversations.”

Griffin was one of the thousands of protesters who gathered in the streets of Minneapolis on Wednesday night calling for a prosecution of the agent who killed Good.

In a press conference on Thursday, Walz said he would push for the state to be part of the federal investigation into the shooting and that Minnesotans would not accept an investigation where U.S. Homeland Security Secretary Kristi Noem is the “judge, jury and executioner.”

“This is a brazen use of force. They want us to bend the knee. They want us to capitulate,” Walz said.

Dan Myers, an associate professor of political science at the University of Minnesota, said the showdown between the federal government and the state reflects a second Trump term marked by a more aggressive use of executive power.

Trump, Myers said, has pushed “well past the boundaries of executive authority,” using the machinery of the federal government to target political adversaries, even as some states have so far managed to push back.

Francesca Taylor, who lives near where Good was shot, told Reuters she believed the Trump administration was targeting her city and state because of their openness to immigrants and other marginalized groups.

“I think it’s easy for the Trump administration to target a state that’s politically opposed to them,” she said, adding, “Trump hates Tim Walz.”

Dan Hofrenning, a political science professor at St. Olaf College in Minnesota, said it remains to be seen if the administration can retain enough political support to continue its surge of federal resources to Minnesota after the shooting.

“The political question of the hour is: how is it playing out for Donald Trump?” Hofrenning said. “There seems to be growing opposition to the aggressive ICE tactics.”

Reporting by Nathan Layne in New York, Renee Hickman and Rich Matthews in Minneapolis and Steve Gorman in Los Angeles; Editing by Craig Timberg and Diane Craft

Pope Leo decries world’s ‘zeal for war’ in fiery Vatican speech

Leo, the first U.S. pope, said the weakness of international organizations in the face of global conflicts was “a particular cause for concern”

International News via Reuters:

Pope Leo decried the use of military force as a means of achieving diplomatic goals on Friday, delivering an unusually fiery annual foreign policy speech in which he also called for human rights to be protected in Venezuela.

Leo, the first U.S. pope, said the weakness of international organizations in the face of global conflicts was “a particular cause for concern”.

“A diplomacy that promotes dialogue and seeks consensus among all parties is being replaced by a diplomacy based on force,” Leo told some 184 ambassadors accredited to the Vatican.

“War is back in vogue and a zeal for war is spreading,” said Leo, who was elected pope in May.

‘RESPECT THE WILL’ OF VENEZUELANS, LEO SAYS

Referring to the capture by U.S. forces of Venezuelan President Nicolas Maduro on the orders of President Donald Trump last weekend, the pope called for world governments to “respect the will” of the Venezuelan people going forward.

Nations must “safeguard the human and civil rights” of Venezuelans, Leo added.

Leo’s comments were part of an address that is sometimes called the pope’s “state of the world” speech. It was the first given by Leo, who was elected following the death of Pope Francis.

Both the U.S. and Venezuelan ambassadors to the Holy See were among those present for the event.

Leo, formerly the U.S. Cardinal Robert Prevost, served as a missionary in Peru for decades before becoming pope. He has previously criticized some of Trump’s policies, in particular on immigration, but did not mention the U.S. president by name in Friday’s speech.

Leo had shown a more muted, diplomatic tone in the first eight months of his papacy compared to his predecessor Francis, who often grabbed headlines with off-the-cuff comments.

LEO USES A MORE FIERY TONE

But in Friday’s 43-minute address, Leo used a more fiery tone — firmly condemning the world’s ongoing conflicts, but also blasting the practices of abortion, euthanasia and surrogate births.

In unusually firm language for a pontiff, Leo also warned that freedom of expression is “rapidly shrinking” in Western countries.

“A new Orwellian-style language is developing which, in an attempt to be increasingly inclusive, ends up excluding those who do not conform to the ideologies that are fueling it,” he said.

The pope also criticized what he called “a subtle form of religious discrimination” suffered by Christians in Europe and across the Americas.

Reporting by Joshua McElweeEditing by Frances Kerry

Physical AI dominates CES but humanity will still have to wait a while for humanoid servants

Investors and analysts had the task of predicting which AI-imbued hardware has the potential to be a hit with consumers and become a multi-billion-dollar business

International News via Reuters:

Just four years after the launch of ChatGPT, the chatbot that brought artificial intelligence into the mainstream, and it seemed like almost every exhibitor at the CES show in Las Vegas this week was touting an AI-powered gadget.

The annual event draws the biggest companies from the global tech and auto industries who this year underscored the shift from AI software to “physical AI” with robotics, humanoids and autonomous driving technology.

And while big tech laid out the blueprint for what lives and homes could look like over the next couple of years, dozens of entrepreneurs and little-known companies vied to capture attention with AI-powered doodads for tasks as varied as cutting hair and offering emotional support.

Amid all the pizzazz, investors and analysts had the task of predicting which AI-imbued hardware has the potential to be a hit with consumers and become a multi-billion-dollar business.

“AI is really driving a whole innovation and demand cycle,” said Arm’s Chris Bergey, head of the chip tech firm’s unit that handles PCs, phones and other AI gadgets. Arm told Reuters exclusively that it has reorganized to create a physical AI unit to expand its presence in the robotics market.

Interest in humanoid robots has boomed as companies see human-form machines as the next frontier in AI and automation. At CES – once called the Consumer Electronics Show – robots from South Korea’s LG and others dealt games of poker, folded paper to create pinwheels and danced with attendees.

However the glacial pace at which humanoid robots performed tasks reflected challenges developers face such as processing power, battery life and dealing with situations beyond their programming. As such, experts do not expect a viable humanoid to be available anytime soon, at least not at an affordable price.

AI HARDWARE AND SOFTWARE WORKING TOGETHER

China’s Lenovo hosted a splashy event at the Las Vegas Sphere that featured Nvidia CEO Jensen Huang and rival chipmaker AMD boss Lisa Su. Lenovo, the world’s largest personal computer maker, unveiled its Qira AI voice assistant platform designed to work across devices and provide services from the likes of travel company Expedia.

Meta said it has enhanced its Ray-Ban Display and Neural Band products – both launched last year – with features such as live recording, and Alphabet’s Google launched its AI model Gemini for TVs and other home devices.

Then there were the more utilitarian devices given an AI makeover among gadgets that appeared to be more of a gimmick.

Among the more frivolous offerings were gadgets containing three-dimensional avatars which employed AI to say “sweet things” in different voices, and a pocket pet with a personality that its makers said uses AI to grow and change with its owner.

One company showed off an AI dry cleaning apparatus priced at $599 that it said could detect a garment’s material and clean it appropriately in three minutes. Another showcased a set of hair clippers that use AI to help cut people’s locks.

After viewing a batch of AI-enhanced lawnmowers, massage chairs, mattresses and other household items, Seaport Research analyst Jay Goldberg said many of those gadgets were previously referred to as “smart” devices and that companies may have adopted the AI moniker as a marketing tactic.

CHIPS UNDER THE HOOD

Most AI applications run on the cloud but will likely move to run on devices due to cost, which will require specialized functions built into each chip.

“Unless you’ve been living under a rock over 2025 you probably heard that AI is getting really expensive,” Perplexity AI CEO Aravind Srinivas said at an Intel launch event.

Intel PC chips business head Jim Johnson likewise told Reuters of companies’ enormous and growing data-crunching costs in the cloud.

The U.S. chipmaker launched its Panther Lake AI chip for laptops, the first product made using a next-generation manufacturing process called 18A. Compatriot AMD announced a set of processors designed for AI PCs.

AI can make PCs run more efficiently in terms of speed, battery life and security, for instance. Less clear is whether consumers will flock to purchase them.

“I think the general consumer is still not aware of what an AI PC really means or what it can do for them that they can’t do today,” CEO Ben Bajarin of tech consultancy Creative Strategies told Reuters. “Hopefully that will become more clear over time.”

Reporting by Max A. Cherney in Las Vegas; Editing by Sayantani Ghosh and Christopher Cushing

French opposition parties seek to topple government over Mercosur

The far-left France Unbowed (LFI) party said it would file a no-confidence motion on Friday morning, while the far-right National Rally (RN) said it would also launch one against the European Commission chief in Brussels

International News via Reuters:

France’s far-right and far-left opposition parties will launch no-confidence motions against France’s weak minority government in response to the likely approval on Friday of the EU’s Mercosur trade deal.

The far-left France Unbowed (LFI) party said it would file a no-confidence motion on Friday morning, while the far-right National Rally (RN) said it would also launch one against the European Commission chief in Brussels.

The no-confidence motions underline the domestic political blowback French President Emmanuel Macron’s government faces over the trade deal with South American nations as it battles to pass an already-late 2026 budget through a truculent parliament.

It seems unlikely the RN and LFI will muster enough votes in parliament to oust the government, led by Prime Minister Sebastien Lecornu. Still, their threats underline the perilous political tightrope Macron’s administration continues to walk just over a year before the 2027 presidential election. 

LECORNU SAYS MOTIONS WEAKEN FRANCE’S VOICE

Macron says France will vote against the Mercosur accord. However, the treaty only requires qualified majority support among EU member states for the deal to be signed by the European Commission and the South American bloc. The European Parliament would then need to ratify the accord.

In a post on X late on Thursday, RN party president Jordan Bardella said Macron’s pledge not to vote in favour of the deal was mere posturing amounting to “a betrayal of French farmers.”

In a separate X post, RN party chief Marine Le Pen called on Macron “to announce, if necessary, the suspension of France’s contribution to the European Union budget.”

LFI lower house chief Mathilde Panot said on X that France had been “humiliated” by Brussels and on the world stage.

“Lecornu and Macron must go,” she wrote.

Lecornu said the motions of no confidence were sending a negative signal abroad at a time France should be trying to display unity to convince other European nations and was delaying talks to agree on a budget.

“Tabling a motion of no-confidence in this context… is choosing to weaken France’s voice rather than show national unity in defence of our agriculture,” Lecornu posted on X.

DEAL LOOKS SET TO PASS

EU nations are expected on Friday to approve the signing of the bloc’s largest ever free trade accord with Mercosur.

Supporters, including Germany and Spain, argue it is a vital part of an EU push to unlock new markets to offset business lost from U.S. tariffs and to reduce reliance on China.

Opponents led by France, the European Union’s largest agricultural producer, say the agreement will jack up imports of cheap food products, undercutting domestic farmers. 

French farmers staged a new protest on Friday against the deal. The Confederation Paysanne farmers’ lobby group had tractors driving slowly to block traffic on the main highway route around Paris on Friday, with one tractor carrying the slogan ‘Stop the EU-Mercosur Agreement!’

Reporting by Sybille de la Hamaide, Gabriel Stargardter, Charlotte Van Campenhout and Michel Rose; Editing by Richard Lough and Toby Chopra

UK’s Sainsbury’s faltering non-food sales dent festive grocery cheer

General merchandise and clothing sales within Sainsbury’s fell 1.1% and sales were down 1% in the Argos business over the 16 weeks to January 3 year-on-year

International News via Reuters:

Sainsbury’s, Britain’s second-largest supermarket group, reported on Friday a fall in general merchandise and clothing sales for the Christmas quarter, taking the shine off a strong food performance and sending its shares sharply lower.

The group, which trails only Tesco by grocery market share, said general merchandise and clothing sales within Sainsbury’s fell 1.1% and sales were down 1% in the Argos business over the 16 weeks to January 3 year-on-year.

Grocery sales rose 5.4%, while group like-for-like sales increased 3.4%.

Sainsbury’s shares were down 5% by 1055 GMT, paring gains over the last year to 23%, on concern over continuing weak general merchandise market conditions and the lack of a profit upgrade.

CUSTOMERS PRIORITISE FESTIVE FOOD

About one quarter of the group’s sales are non-food.

“The conditions aren’t going to change this year – cautious customers in general merchandise,” CEO Simon Roberts told reporters.

Sainsbury’s said it still expected to deliver retail underlying operating profit of more than 1 billion pounds ($1.34 billion) for its year to March 2026, versus 1.04 billion pounds made in 2024/25.

Industry data published on Tuesday showed Sainsbury’s ended 2025 with a UK grocery market share of 16.3%, up 30 basis points on the year.

Sainsbury’s update, following one from Tesco on Thursday, confirmed that the two biggest supermarket groups are continuing to outperform the wider grocery market with their focus on value at a time of subdued consumer confidence, still high inflation and weakening employment.

Both have continued to benefit from the enduring trend of UK consumers eating more at home rather than dining out to save cash, and at Christmas, they both saw customers prioritise festive food over spending on non-food items.

Sainsbury’s said fresh food lines in its premium ‘Taste the Difference’ range soared 15% in the Christmas quarter.

MAINTAINING A COMPETITIVE EDGE

In April, Sainsbury’s set aside cash to maintain its competitive edge after a pledge of sustained price cuts from Asda, the number three player, which has been losing market share and is taking a hit to profit to re-set its business.

Sainsbury’s said it is winning share thanks to a strategy of matching discounter Aldi’s prices on hundreds of key items and providing better prices for members of its popular Nectar loyalty scheme, financed by an ongoing programme of cost cuts.

“Value is super important to customers, that is not going to change,” said Roberts.

($1 = 0.7448 pounds)

Reporting by James Davey; Editing by Sarah Young and Emelia Sithole-Matarise

World food prices dip in December but still up in 2025, UN’s FAO says

The FAO Food Price Index, which tracks a basket of globally traded food commodities, averaged 124.3 points in December, down from 125.1 in November and 2.3% lower than a year earlier

International News via Reuters:

World food prices declined for a fourth consecutive month in December, mostly pressured by dairy, meat and vegetable oil prices, marking the lowest average since January 2025, the United Nations’ Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks a basket of globally traded food commodities, averaged 124.3 points in December, down from 125.1 in November and 2.3% lower than a year earlier.

For the full 2025 year, the index averaged 127.2 points, up 4.3% from 2024, as higher world prices for vegetable oils and dairy products outweighed declines in cereal and sugar quotations.

The dairy index declined by 4.4% in December, driven by a steep drop in butter prices following increased cream availability in Europe. However, for 2025 as a whole, dairy prices averaged 13.2% above 2024, reflecting strong import demand and limited exportable supplies earlier in the year.

Meat prices dipped 1.3% last month, led by falls in bovine and poultry categories, but the full-year index remained 5.1% above the previous year’s value, supported by strong global demand and uncertainty linked to animal diseases and geopolitical tensions, the FAO said.

Vegetable oil prices eased 0.2% in December to a six-month low, as weaker soy, rapeseed and sunflower oil quotations offset gains in palm oil. For the whole of 2025, the vegetable oil index averaged 17.1% higher than in 2024, reaching a three-year high amid tight global supplies.

The FAO Cereal Price Index rose 1.7% in December with wheat supported by renewed concerns over Black Sea export flows, and maize buoyed by strong ethanol production in both Brazil and the United States.

For the whole of 2025, the cereal index averaged 4.9% below its 2024 level, its third consecutive annual decline and the lowest annual average since 2020.

Sugar prices rose 2.4% in December after three consecutive monthly declines, mainly due to lower production in Brazil’s southern regions.

The sugar index reached a five-year low for 2025, down 17% from 2024, as global supplies remained plentiful.

Reporting by Sybille de La Hamaide; Editing by Toby Chopra, Kirsten Donovan

London stocks rise as Glencore jumps on Rio merger talks

Glencore shares were up 10% and touched their highest since July 2024, while Rio fell 2.2%

International News via Reuters:

London stocks edged higher on Friday, rebounding after two sessions of losses, as Glencore provided a boost amid early talks of a merger with Rio Tinto, a move that could potentially create the world’s largest mining company.

Glencore shares were up 10% and touched their highest since July 2024, while Rio fell 2.2%.

The blue-chip FTSE 100 was up 0.4% by 1044 GMT and on track for a second straight weekly gain. The domestically focused mid-cap index added 0.2%, holding near its four-year peak and on pace for fourth straight weekly gain.

Energy stocks also supported gains as oil prices rose for a second day, up more than 1%, with BP and Shell rising about 2.2% each.

Separately, British lawmakers urged giving the Bank of England powers to collect private credit data if its stress test fails to reveal risks in the fast-growing market, with results from the exercise due in 2027.

Among other stocks, Anglo American rose 2.7%, a day after a filing from the European Commission showed that the miner’s deal with Canada’s Teck Resources is heading for antitrust clearance in Europe.

Sainsbury’s, Britain’s second-largest supermarket group, reported a rise in underlying sales for the key Christmas quarter, but shares fell 5.3% as weakness in general merchandise offset the gains.

Investors are also waiting for a crucial U.S. jobs report on Friday, which is expected to show a slowdown in job growth in December due to caution among businesses.

Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Vijay Kishore

Street poll: Would YOU live in a modular home?

We’ve done a lot of reporting in recent weeks about Government’s plan to utilize modular homes, to ease the housing shortage.
Two kinds of structures are envisaged … capsule-style homes for use as emergency shelters, and more substantial modular units for longer term accommodation.
We went into the city to ask how people would feel about living in a modular home, and shared images provided by government of the types of homes under consideration – though the exact models have yet to be determined.

Private sector retirement age not rising… yet

An aging workforce could lead to labour shortages… new guidelines to retain workers past age 65 is a ‘soft’ approach to the problem, Minister says

New guidelines for employers to retain staff who want to continue working past age 65 is a ‘soft’ approach to labour shortages stemming from our aging population.

This from Jason Hayward, Labour & Economy Minister.

Responding to our questions today, he says there are no plans to legislatively increase the private sector retirement age – at least not yet.

He says that some other jurisdictions have made it mandatory for employers to discuss options with retirement-age employees, to see if they can continue to work. However, Government doesn’t want to start with a hard policy approach, he adds, as it has long been the local workplace culture for people to reach retirement at 65.

Rather, Minister Hayward encourages employers to explore alternative approaches to their employment models concerning older workers.

The new policy guide, released yesterday, lists steps for employers to implement age-inclusive strategies to benefit from keeping experienced staff on board, address labour shortages, and potentially reduce pressure on the contributory pension fund.

He notes that Government was able to “successfully increase the retirement age for public service employees from the age of 65 to 68, but we haven’t seen the same measures put in place as it pertains to the private sector.”

“That will pose a problem to the labor supply in our workforce if we continue down that particular trend.”

WATCH the interview above…