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Monday, October 24, 2016

Dangote Group Sacks 48 Workers Due To The Economic Recession In The Country


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.
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 unprecendented
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.”
The group, however, promised that it would continue to
review and restructure its human capital deployment to
ensure optimal allocation of skill sets and size of
workforce as an international organisation.
The group urged its workers to shun late coming,
improper dressing and other unsavoury behaviours in
the workplace.
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