UA-55300619-1

Ndola Lime to lay off workers, notice issued

Filed under: Breaking News,Business |
1,183 Views

Ndola Lime Company Limited is expected to retrench its employees on 31st July, 2020.

According to an internal memorandum signed by the interim business rescue administrator, Stephen Bwalya, employees will receive letters of retrenchment together with computations of amounts due to each of them.

“Kindly take note that the last day for all employees under Ndola Lime Company Limited has been set for 31st July, 2020.

“In this vein, all employees should expect to receive letters of retrenchment together with computations at amounts due to each employee.

“Further, communication shall be contained in individual letters to each employee,” Bwalya said.

In the memo, Bwalya however, did not disclose the reason why they are retrenching workers.

The company has been faced with numerous liquidity problems, amid obsolete machinery and was operating below its capacity.

Located in Ndola, the Ndola Lime Co Ltd was once one of Zambia’s leading lime producer.

Products produced include, Quicklime, Fluxstone, Hydrated Lime & Blocks.

Facebooktwitterredditpinterestlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Start: 2019-07-01 End: 2019-07-31