Sunday, January 17, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Illovo fires 45 senior managers

by Steve Chilundu
12/05/2020
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Illovo Sugar Malawi plc has fired 45 management staff from its Dwangwa and Nchalo sugar factories, but some of the affected workers claim the process lacked transparency and violated the company’s retrenchment policy.

Some of the affected workers, speaking on condition of anonymity, said all management positions were terminated and employees were asked to apply for newly created positions while others were asked to go on early retirement.

RelatedHeadlines

Banks reaping from high lending rates

Traders cheating farmers under govt watch—study

MSE value drops

Said one of the fired workers: “The retrenchment process was unfair, calculation of packages was not transparent.”

“The worker said the company recruited head of human resources for both Nchalo and Dwangwa estates, financial analysts, a corporate affairs team, a commercial team at Limbe, Blantyre office before retrenching the affected workers.

illovo | The Nation Online
One of Illovo (Malawi) Sugar plc factories

Currently, most of the workers The Nation engaged said they are still with the company until June as part of the handover and transition process; hence, they could not reveal their identities in fear of reprisals.

In a written response, the Malawi Stock Exchange (MSE)-listed sugar manufacturer’s spokesperson Ireen Phalula said the company has adopted a new operating model in line with its strategic intent to secure long-term sustainability of the business in light of the continued challenging business environment.

She said: “The elimination of some roles and subsequent retrenchment of some employees has got nothing to do with the novel coronavirus [Covid-19]. The affected employees are being paid severance packages that are in line with the labour laws of Malawi.

“They are also being paid additional payments in line with our retrenchment policy.

“Each of the affected employees has been communicated to individually. All employees were taken through the various stages of the [retrenchment] process which commenced November last year”.

Reacting to the development, Malawi Congress of Trade Unions (MCTU) secretary general Denis Kalekeni said it would be cheaper for Illovo to compensate the affected workers fairly and in line with labour laws and the company’s policies

Previous Post

Chief raises alarm on disability in Rumphi

Next Post

PAC tells APM to act on Covid-19 response

Related Posts

graph 4 | The Nation Online
Business News

Banks reaping from high lending rates

January 16, 2021
Maize prices are on the rise on the market
Business News

Traders cheating farmers under govt watch—study

January 15, 2021
Trading in progress at Malawi
Stock Exchange
Business News

MSE value drops

January 15, 2021
Next Post
Matonga: They should learn from their mistakes

PAC tells APM to act on Covid-19 response

Trending Stories

  • Kambala: The board must make a decision

    Nocma in race against time

    0 shares
    Share 0 Tweet 0
  • Tonse owes ‘ife tonse’ an apology

    0 shares
    Share 0 Tweet 0
  • Wasteful Chakwera

    0 shares
    Share 0 Tweet 0
  • Imbibers defy Covid-19 guidelines

    0 shares
    Share 0 Tweet 0
  • Locked with hubby’s brother

    0 shares
    Share 0 Tweet 0

Opinions and Columns

My Thought

Don’t relax, Covid-19 still here

January 17, 2021
Political Uncensored

Maddening chaotic virus

January 17, 2021
Emily Mkamanga

Chakwera has to instill unity

January 17, 2021
People’s Tribunal

Perilous times and the need for accountability

January 17, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

WhatsApp us

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.