HomeBusiness DigestRetrenchment Board approves Starafrica worker redundancy

Retrenchment Board approves Starafrica worker redundancy

Starafricacorporation’s bid to retrench 67 workers was okayed by the Retrenchment Board on Thursday last week, but still needs the thumbs up of Labour minister Prisca Mupfumira for final approval, businessdigest has learnt.

Sources within the 12-member board said the sugar manufacturing company’s application was under consideration at the meeting, adding they were convinced by the company’s reasons for the staff layoff.

“We accepted the retrenchment of 67 Starafricacorporation workers and we are now waiting for the minister to sign,” a source said. “The reasons they gave for the retrenchment of workers is the difficult economic environment and a depressed market for its products.”

This comes hot on the heels of the board approving the laying off of 170 workers from two companies, Hunyani Holdings Ltd and Innscor Africa Ltd on March 5 this year as well the retrenchment of 24 workers from Carswell Meats and Montana Meats after the takeover of Carswell by Montana.

At least 52 companies retrenched last year contributed to an estimated total of 7 000 workers laid off in the same period.

These include Grain Marketing Board, Zimbabwe Fertiliser Company, Nissan Zimbabwe, PG Industries, First Mutual, Tristar Insurance, Cargill, Beta Bricks, Tetrad Investment Bank, Stewart Bank, CFI Holdings and Metbank.

Meanwhile , Mupfumira revealed in an interview with businessdigest recently that she is reviewing the operations of the Retrenchment Board to get a better understanding of how it works.

“I am looking at the operations and composition of the Retrenchment Board to understand how they work, how long they have been there and how long they take to process applications they receive from retrenchments,” Mupfumira said.

She said she has turned down several applications from companies that applied to retrench because some of them were due to gender discrimination and victimisation. — Staff Writer.

Recent Posts

Stories you will enjoy

Recommended reading