Economy
Massive Sack of Workers: Dangote Group Finally Speaks on Latest Staff Retrenchment
Amid report of downsizing his staff strength as the Nigerian economy plunges into deeper crisis, Dangote Group of Companies, has denied reports that the disengagement of workers from the company was due to economic recession in the country.
We reported on Monday that the current recession rocking the Nigerian economy, hit one of the biggest employers of labour in the country outside of the government, as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, fired 48 members of staff.
Speaking exclusively to the News Agency of Nigeria (NAN) in Lagos on Monday, Tony Chiejina, the Dangote Group of Company’s Head of Corporate Affairs, denied reports that the disengagement of 36 expatriate and 12 Nigerian workers from the company was due to economic recession in the country,
He disclosed that the expatriates were disengaged because of job overlap, while the 12 Nigerians that were affected were in the procurement department whose services were now redundant due to growth in the company.
Chiejina said that in spite of the recession, the Dangote group has been expanding its operations into oil and gas, rice and Diary projects, fertiliser and petrochemicals, among others.
According to him, this expansion would create more employments in the company, adding that the current recession has been a challenge to the company as it strives to impact more favourably on the Nigerian economy.
A letter signed by the Chairman of the company, Aliko Dangote, which emerged online, explained the reasons for the job cuts, spoke about the challenges in the Nigerian economy, and especially the scarcity of foreign exchange read.
“This year has been a very challenging year for us as a business. The unavailability of foreign exchange coupled with an unprecedented hike in the exchange rate has resulted in increased costs across the organisation.
“This called for a proper review and adjustment of our costs across the board to ensure efficiency and effectiveness in the deployment of our factors of production in a bid to eliminate redundancies 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 the 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 members in Dangote Industries Limited.”
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