If na you nko? As the economic recession imposed on Nigeria by the Muhammadu Buhari led federal government continue to bite harder, former Africa richest man Aliko Dangote is said to have sacked about 48 worker from his group of companies.
A letter signed by chairman of the group, stated that the company is currently embarking on restructuring due to high cost of production in both factories.
The letter read in part; "This year has been a very challenging one for us as a business. The unavailability of foreign exchange, coupled with an unprecedented hike in exchange rate has resulted in increased costs across the organisation. This called for a proper review and adjustment of our costs across board to ensure efficiency and effectiveness in the deployment of our factors of production in a bid to eliminate redundancy that we know exist, which resulted in some tough decisions which means losing staff, including some of our colleagues.
On Friday, October 14, 2016, we began the process of staff cutbacks as it is imperative to review our human capital deployment for required cutbacks that would ensure efficiency and eliminate redundancies in the allocation of human resources. This first phase of this exercise involved the cutback of 36 expatriate staff across the Dangote Cement Plc and Dangote Industries Limited and 12 local staff in Dangote Industries Limited.
Comments
Post a Comment