Monday, 24 October 2016

Recession: Dangote group sacks 48 workers

No fewer than 48 workers have been allegedly sacked by Dangote Group due to the economic recession in the country. Vanguard gathered that those affected were 36 expatriate and 12 local staff serving in Dangote Cement Plc and Dangote Industries Limited. Further findings showed that the reason for their sack was in connection with the current high cost of running business in the country, occasioned by unavailability of foreign exchange and the unprecedented hike in exchange rate. In a letter signed by the President/CEO, Dangote Group, Alhaji Aliko Dangote, dated October 20, 2016 and obtained by our correspondent, Dangote stated that the group was constrained to take the ‘tough’ decision because of the present high cost of production. The letter, entitled Recent Retirement Exercise, however, appreciated those affected, thanking them for their contributions to the group.

Read more at: http://www.vanguardngr.com/2016/10/recession-dangote-group-sacks-48-workers/

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